The European NPK Fertilizers Real Price Index for Agriculture in 2024 reveals significant disparities across countries. Hungary and Ireland lead with the highest index values, indicating relatively higher fertilizer prices. In contrast, Estonia and Malta report significantly lower indices, suggesting decreased fertilizer costs. This distribution suggests potential economic and agricultural policy impacts particular to each nation. Over the past five years, the index shows variations stemming from economic fluctuations, input costs, and regional agricultural demand.
Future trends to watch include:
- Technological advancements in fertilizer production and usage, potentially driving prices down.
- Environmental regulations affecting fertilizer use and production costs.
- Changes in global supply chains and geopolitical conditions affecting pricing dynamics.
- Impacts of climate change on agricultural practices influencing fertilizer demand.
Top countries in NPK Fertilizers Real Price Index for Agriculture by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 98.64 | 2022 | View data |
| 2 | 2 Ireland | 96.93 | 2022 | View data |
| 3 | 3 Slovakia | 87.31 | 2022 | View data |
| 4 | 4 Sweden | 86.68 | 2022 | View data |
| 5 | 5 Luxembourg | 86.57 | 2022 | View data |
| 6 | 6 Denmark | 85.25 | 2022 | View data |
| 7 | 7 Belgium | 73.53 | 2022 | View data |
| 8 | 8 Slovenia | 72.16 | 2022 | View data |
| 9 | 9 Finland | 71.93 | 2022 | View data |
| 10 | 10 Spain | 63.35 | 2022 | View data |
