From 2013 to 2023, the production of fertilisers containing phosphorus and potassium in Spain has shown significant fluctuations. The year-on-year variation indicates a high volatility in the market with considerable gains and losses. Notable declines include -32.19% in 2022, while substantial increases include 82.73% in 2021. Over the last five years, the Compound Annual Growth Rate (CAGR) shrank by -1.9% due to inconsistent performances in production volumes.
Looking forward, the forecasted data from 2023 to 2028 suggest a gradual stabilization in the market with minimal annual growth, marked with a forecasted 5-year CAGR of 0.63%. Key future trends to monitor include technological advancements in fertiliser production, global market demand for agricultural products, and regulatory changes affecting fertiliser usage.
