The global ammonia demand was estimated at around 69 billion U.S. dollars in 2021. Over the following decades, this figure is expected to grow, reaching some 224 billion U.S. dollars by 2050. This would represent more than a threefold increase in comparison to 2021 levels. Furthermore, the largest share of the ammonia demand is estimated to be used for agriculture and industrial applications.
Forecast demand for ammonia worldwide from 2021 to 2050
(in billion U.S. dollars)
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Yara International. (June 30, 2022). Forecast demand for ammonia worldwide from 2021 to 2050 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/
Yara International. "Forecast demand for ammonia worldwide from 2021 to 2050 (in billion U.S. dollars)." Chart. June 30, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/
Yara International. (2022). Forecast demand for ammonia worldwide from 2021 to 2050 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/
Yara International. "Forecast Demand for Ammonia Worldwide from 2021 to 2050 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/
Yara International, Forecast demand for ammonia worldwide from 2021 to 2050 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/ (last visited November 21, 2024)
Forecast demand for ammonia worldwide from 2021 to 2050 (in billion U.S. dollars) [Graph], Yara International, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/1345802/forecast-value-global-ammonia-demand/
