In 2023, Sweden's nitrogen fertilizers consumption was approximately 211.6 Thousand Metric Tons. Forecasted data shows a steady increase in consumption from 2024 to 2028, indicating a consistent growth trend. Here are the year-on-year variations observed:
- From 2024 to 2025: 1.79%
- From 2025 to 2026: 1.73%
- From 2026 to 2027: 1.70%
- From 2027 to 2028: 1.65%
Over the last two years, the YoY variation was consistent, indicating stable growth. The Compound Annual Growth Rate (CAGR) over the period from 2024 to 2028 is estimated to be 1.71% per year.
Future trends to watch for include technological advancements in agriculture, which may further optimize the usage of nitrogen fertilizers. Additionally, environmental policies and sustainability efforts could impact consumption patterns, either by reducing overall demand or by shifting it towards more eco-friendly alternatives.
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