The Danish urea market experienced fluctuations from 2012 to 2022, with an initial value of 15.371 million euros in 2012, decreasing to 14.327 million euros by 2022. The compound annual growth rate over the past five years stood at -1.14%. Significant variations included a peak in 2015 at a 9.45% increase year-on-year followed by a notable dip in 2020 by 7.91%. The market showed a slight recovery in 2021 but continued to decline into 2022.
Future trends to watch in the urea market include:
- Potential impacts of rising global fertilizer demand on prices.
- Technological advancements in agricultural practices increasing urea efficiency.
- Environmental regulations influencing urea production and usage.
How does Denmark rank in Urea Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 409,100,000 | 2023 | +1.53% | +1.95% | View data |
| 2 | 2 Spain | 366,450,000 | 2023 | +1.78% | +1.36% | View data |
| 3 | 3 Italy | 261,450,000 | 2023 | -2.73% | -2.12% | View data |
| 4 | 4 Sweden | 36,126,000 | 2023 | +0.38% | +0.092% | View data |
| 5 | 5 Croatia | 26,732,000 | 2023 | -6.22% | -5.44% | View data |
| 6 | 6 Finland | 15,897,000 | 2023 | +1.9% | +0.94% | View data |
| 7 | 7 Denmark | 14,756,000 | 2023 | -0.36% | -1.21% |
