Medium term forecast for global fertilizer demand to 2027, by nutrient

Published by Statista Research Department, Nov 22, 2023
This statistic displays the medium-term forecast of the global demand for fertilizer by nutrient to the period of 2027. It is forecast that the demand for nitrogen fertilizers will reach some 115 megatons by 2027. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

Medium-term forecast for global fertilizer demand to 2027, by nutrient (in million metric tons)

CharacteristicDemand in million metric tons
Potassium (K) 40.6
Phosphorus (P) 50.2
Nitrogen (N) 115
Showing entries 1 to 3 (3 entries in total)
Created with Highcharts 7.2.2Demand in million metric tons11511550.250.240.640.6Nitrogen (N)Phosphorus (P)Potassium (K)
0255075100125150

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Release date

June 2023

Region

Worldwide

Survey time period

2023

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