Medium term forecast for global fertilizer demand by nutrient to 2024

This statistic displays the medium-term forecast of the global demand for fertilizer by nutrient to the period of 2024. It is forecasted that the demand for urea fertilizers will reach some 183 megatons by 2024. 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.