Forecast: Production of Fertilisers Containing Phosphorus and Potassium in Italy

The production of fertilizers containing phosphorus and potassium in Italy has shown significant fluctuations over the past decade. From 2013 to 2014, the production value saw a decline, hitting its lowest in 2014. However, 2015 marked a dramatic increase, with a year-on-year variation of 120.28%. Since then, the production levels have seen both rises and falls, peaking in 2017 before experiencing another notable drop in 2019. The data from 2020 to 2023 shows modest recovery, with the highest production level in 2023 at 28.748 million kilograms. The YoY variations have ranged from as low as -31.35% in 2019 to as high as 31.4% in 2017. The last 5-year CAGR up to 2023 was -4.38%, indicating a slight decline on average annually.

Moving forward, the forecast data from 2024 to 2028 suggests an optimistic growth trend. Production is expected to increase consistently each year, reaching approximately 38.984 million kilograms by 2028. The forecasted 5-year CAGR is 4.8%, with an overall growth rate of 26.42% from 2024 to 2028.

Future trends to watch include advancements in agricultural technology, changes in global demand and supply dynamics, policy regulations on fertilizers, and environmental sustainability pressures. These factors could significantly impact the production outlook in the coming years.