In 2023, Sweden and Hungary recorded the highest NPK Fertilizer Price Index, with remarkable increases since 2022 of over 37% and 40% respectively. Portugal, Belgium, and Luxembourg also experienced significant hikes, reflecting a broader upward trend across much of Europe. The least affected countries in terms of year-on-year changes include Greece, Cyprus, Malta, and Estonia, suggesting varied degrees of susceptibility to market fluctuations. The 2022 changes highlighted considerable volatility, with several countries witnessing over 30% annual growth. Over the last five years, the Compound Annual Growth Rate (CAGR) has underlined this persistent escalation, indicating a long-term upward trajectory.
Future trends to watch in the European NPK Fertilizers Price Index for Agriculture include potential stabilization or further fluctuations due to geopolitical influences, environmental regulations, and changes in fertilizer usage policies. Attention should be paid particularly to the policy shifts within high-impact nations like Sweden and Hungary, as well as ongoing developments in green and sustainable agricultural practices that could affect demand and pricing dynamics.
Top countries in NPK Fertilizers Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 264.85 | 2022 | +101.71% | +37.27% | View data |
| 2 | 2 Hungary | 264.7 | 2022 | +128.98% | +40.81% | View data |
| 3 | 3 Portugal | 241.17 | 2022 | +71.19% | +28.64% | View data |
| 4 | 4 Belgium | 224.02 | 2022 | +91.47% | +35.69% | View data |
| 5 | 5 Luxembourg | 219.91 | 2022 | +101.79% | +34.89% | View data |
| 6 | 6 Finland | 218.59 | 2022 | +84.28% | +34.31% | View data |
| 7 | 7 Ireland | 215.17 | 2022 | +112.89% | +33.14% | View data |
| 8 | 8 Slovenia | 214.91 | 2022 | +88.2% | +32.62% | View data |
| 9 | 9 Denmark | 209.24 | 2022 | +100.96% | +30.53% | View data |
| 10 | 10 Slovakia | 203.83 | 2022 | +110.03% | +29.99% | View data |
