Based on the given data, the import values for phosphatic mineral or chemical fertilizers to Belgium (in million USD) are forecasted as follows: 2024: 5.554, 2025: 4.6385, 2026: 3.7412, 2027: 2.8619, 2028: 2.0002.
Year-on-year variations in percentages are:
- 2024-2025: -16.49%
- 2025-2026: -19.36%
- 2026-2027: -23.48%
- 2027-2028: -30.11%
The CAGR (Compound Annual Growth Rate) for the period 2024-2028 is approximately -22.25%.
Future Trends: Considering the consistent decline, factors such as shifts in agricultural policies, advancements in fertilizer technology, or economic conditions could influence future import volumes. Monitoring these aspects will be crucial for predicting long-term trends.
