Forecast: Potassium Fertilisers Consumption in Norway

In 2023, the consumption of potassium fertilizers in Norway stood at 32.76 thousand metric tons. The forecasted data shows a steady decline from 32.45 thousand metric tons in 2024 down to 31.19 thousand metric tons in 2028. Year-on-year declines are observed, with the percentage decrease varying slightly each year. Notably, the last two years show a compounded average growth rate (CAGR) reflecting an average annual reduction over the five-year period.

Future trends to watch for include advancements in agricultural technology, changes in crop patterns, and potential shifts towards more sustainable fertilization practices which could either stabilize or further reduce potassium fertilizer consumption.