In 2023, the European Phosphatic Fertilizers Real Price Index for Agriculture varied significantly across countries, with Latvia, Denmark, and Hungary showing higher indices compared to Spain, Greece, and the Czech Republic, which were on the lower end of the spectrum. Year-on-year variations from 2022 indicate significant increases, particularly in Belgium (32.04%) and Latvia (30.54%), contrasting with a minimal rise in the Czech Republic (1.35%). Over the past five years, fluctuations in the index have been driven by market dynamics, agricultural demand, and supply chain issues influencing the fertilizers' pricing structure.
Future trends to watch include the impact of sustainable agricultural practices and environmental regulations, which could alter demand and pricing for phosphatic fertilizers. Additionally, geopolitical factors and global economic conditions may influence price stability and availability across Europe. Monitoring these developments will be crucial in forecasting the index's trajectory.
Top countries in Phosphatic Fertilizers Real Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 197.09 | 2022 | +93.66% | +30.54% | View data |
| 2 | 2 Denmark | 190.31 | 2022 | +56.38% | +22.41% | View data |
| 3 | 3 Hungary | 185.1 | 2022 | +64.8% | +23.41% | View data |
| 4 | 4 Portugal | 179.49 | 2022 | +45.17% | +21.09% | View data |
| 5 | 5 Romania | 174.86 | 2022 | +55.21% | +18.28% | View data |
| 6 | 6 France | 168.99 | 2022 | +63.17% | +23.86% | View data |
| 7 | 7 Belgium | 168.65 | 2022 | +43.81% | +32.04% | View data |
| 8 | 8 Bulgaria | 160.46 | 2022 | +60.03% | +19.75% | View data |
| 9 | 9 Netherlands | 160.37 | 2022 | +38.66% | +18.83% | View data |
| 10 | 10 Luxembourg | 152.75 | 2022 | +27.85% | +15.58% | View data |
