Forecast: Production of Fertilisers Containing Nitrogen and Phosphorus in Spain

Between 2013 and 2023, the production of fertilizers containing nitrogen and phosphorus in Spain showed significant fluctuations. Notable peaks and troughs marked the series, highlighting an inconsistent trend. Production peaked in 2018 and again in 2023, with substantial drops in 2014, 2019, and notably in 2020. The most recent two years saw a sizeable increase, with a year-on-year rise of 21.71% in 2023 from 2022. The five-year CAGR leading to 2023 was slightly negative, indicating a minor decline overall.

Looking forward, the forecast from 2024 to 2028 anticipates consistent growth in the production volumes, with an average annual growth rate (CAGR) of 4.82%, suggesting a robust recovery and an optimistic outlook.

Future Trends to Watch For:

• Technological advancements in fertilizer production and their impact on efficiency and output.
• Changes in agricultural practices and environmental policies influencing demand and production volumes.
• Global market dynamics, including raw material availability and international trade regulations.