In 2023, the sold production of ammonium sulphate in Spain stood at 83.491 million Euros. Analyzing year-on-year variations, there was a decline of 17.6% in 2013, followed by a decrease of 15.22% in 2014, and a significant increase of 31.09% in 2015. However, it declined marginally by 0.9% in 2016 and rose by 4.59% in 2017 before plummeting by 32.94% in 2018. The downtrend continued with decreases of 12.06% in 2019 and 6.86% in 2020 but saw a notable recovery with an increase of 30.32% in 2021 and 4.99% in 2022. The positive trend sustained in 2023 with a rise of 4.79%. The compound annual growth rate (CAGR) over the last five years stood at 3.27%.
Future trends indicate a steady growth trajectory, with forecasted sold production values reaching 102.01 million Euros by 2028. The forecasted CAGR over the next five years is 3.17%, representing an overall growth rate of 16.89% during this period. Key trends to watch for include technological advancements in production, shifts in agricultural demands, and global market dynamics that could impact production volumes and economic value.
