Forecast: Sold Production of Fertilisers Containing Nitrogen and Phosphorus in France

The sold production of fertilisers containing nitrogen and phosphorus in France has exhibited considerable volatility over the past decade. From a low of €30.967 million in 2018, the market saw a peak of €97.496 million in 2021, before stabilizing at €75.136 million in 2023. The year-on-year variation reflects these fluctuations, with significant rises such as a 60.22% increase in 2020 and notable declines like the 30.58% drop in 2016. The compound annual growth rate (CAGR) for the last five years stands at an impressive 19.4%, driven by strong growth periods.

Looking ahead, the forecast for 2024 to 2028 indicates a more stable growth pattern with an expected CAGR of 1.74%, leading to an overall increase of 9.03% over the next five years. This suggests that the market is moving towards a phase of moderate but steady growth. For 2024, the production is projected to be €76.916 million, continuing to climb gradually up to €83.862 million by 2028.

Future trends to watch include:

• Technological advancements in fertiliser production that may drive efficiencies and cost reductions.
• Changes in agricultural policies and environmental regulations impacting fertiliser demand and production practices.
• Potential market consolidation or diversification within the industry, influenced by global economic conditions and trade dynamics.