| Year | Value (Million US Dollars) | YoY Variation (%) |
|---|---|---|
| 2024 | 48.542 | N/A |
| 2025 | 47.95 | -1.22% |
| 2026 | 47.37 | -1.21% |
| 2027 | 46.801 | -1.20% |
| 2028 | 46.244 | -1.19% |
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -1.21%.
Future Trends to Watch
Analysts should monitor global demand for fertilizers and natural resources, technological advancements in phosphate extraction and refining, as well as geopolitical factors affecting trade flows. Sustainable agricultural practices and alternative sources for phosphorus could also influence future import dynamics.
