The production of ammonia in aqueous solution in France experienced significant fluctuations from 2013 to 2023. The production started with no recorded output from 2013 to 2015, followed by a dramatic rise in 2016, peaking in 2020 with an 83.69% year-on-year increase. However, production dropped by nearly 46% in 2021. It surged again in 2022, growing by over 76%, and reached 84,849,000 kilograms of nitrogen in 2023, reflecting a smaller 1.78% year-on-year increase. The average annual growth rate (CAGR) from 2018 to 2023 was roughly 7%. This period shows an overall trend of volatility with significant year-on-year changes.
Looking forward to 2028, the forecasted CAGR is 5.3%, translating to a projected cumulative growth of approximately 29.48% over the next five years. This indicates a positive growth trajectory for the French ammonia production in aqueous solution.
Future trends to watch for include potential impacts of environmental regulations, advancements in ammonia production technology, and shifting market demands, especially concerning green and sustainable fertilizers. Additionally, global economic conditions and energy prices will likely influence production cost dynamics and market competition.
