·
In the last five years, the consumption of fertilizers has increased by around 2.5 percent and is expected to rise at approximately 4 percent in the future.
·
Growing agri-produce and an increase in the overall sown area will prompt greater demand for fertilizer end products—around 70 MMTPA by 2020 and around 120 MMTPA by 2035.
·
Urea consumption in India is around 29 MMTPA, of which around 22.5 MMTPA is produced domestically and
around 7 MMTPA is
imported.
·
While domestic plants are increasing capacity by around 5 MMTPA in 2020, the rising demand for urea (expected
to be 35 MMTPA in 2020) will ensure that India continues to import around 7 MMTPA of urea.
·
It is estimated that the volume of imports of fertilizer raw materials and
finished products will
grow at around 4%, keeping the volumes handled at Indian ports fairly stable by 2020.
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