The urea market in Spain has seen fluctuations over the years, with a notable dip between 2013 and 2016, followed by a recovery post-2017. By 2023, the market size reached 360.83 million Euros, with a year-on-year increase of 1.81%. The last five years showed an average annual growth rate (CAGR) of 1.52%, reflecting moderate but stable growth in value terms.
Future trends to watch for include potential impacts of sustainability initiatives on fertilizer use, the influence of global market dynamics on pricing, and technological advancements in agriculture that may alter urea demand patterns.
How does Spain rank in Urea Containing at Least 45% by Weight of Nitrogen on the Dry Anhydrous Product Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 463,330,000 | 2023 | +2.17% | +1.62% | View data |
| 2 | 2 United Kingdom | 380,920,000 | 2023 | +1.97% | +2.01% | View data |
| 3 | 3 Spain | 360,830,000 | 2023 | +1.81% | +1.52% | |
| 4 | 4 Italy | 256,600,000 | 2023 | -2.77% | -2.15% | View data |
| 5 | 5 Greece | 79,323,000 | 2023 | +5.33% | +1.27% | View data |
