The market for fertilizers containing nitrogen and phosphorus in Hungary showed fluctuating trends between 2013 and 2023. The market peaked in 2014 with a year-on-year increase of 8.01%, before experiencing significant declines in 2016 and 2020. By 2023, the market size stood at 29.665 million kilograms, with a minimal year-on-year increase of 0.11%. The five-year CAGR was slightly negative at -0.043%, indicating a modest decline over this period.

Future trends to watch include:

Potential recovery driven by agricultural demand and sustainable practices.
Impact of government policies and environmental regulations reducing reliance on traditional fertilizers.
Adoption of advanced technologies in fertilizer application enhancing efficiency and yields.