The nitrogen market in Slovakia showed fluctuations from 2013 to 2023, with a notable decline in value reaching 9.9084 million euros in 2023. Year-on-year analysis reveals significant contrasts, with noticeable declines in 2020 and 2021, but a recovery in 2022. The Compound Annual Growth Rate (CAGR) over the last five years is negative at 2.69%, signifying a downward trend in the market value.
Future trends to watch include potential impacts of evolving agricultural practices, environmental regulations, and technological advancements in nitrogen production. These factors could influence market dynamics, potentially stabilizing or further disrupting the current trend.
How does Slovakia rank in Nitrogen Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 442,980,000 | 2023 | +1.53% | +1.63% | View data |
| 2 | 2 France | 355,480,000 | 2023 | +1.6% | -0.11% | View data |
| 3 | 3 Spain | 249,560,000 | 2023 | +2.98% | +3.16% | View data |
| 4 | 4 Netherlands | 223,620,000 | 2023 | +1.34% | +1.92% | View data |
| 5 | 5 Poland | 157,200,000 | 2023 | +2.15% | +4.14% | View data |
| 9 | 9 Finland | 34,901,000 | 2023 | +0.46% | +0.72% | View data |
| 10 | 10 Greece | 20,192,000 | 2023 | +6.14% | +9.52% | View data |
| 11 | 11 Slovakia | 9,908,400 | 2023 | -1.63% | -2.69% | |
| 12 | 12 Croatia | 8,761,100 | 2023 | +2.45% | +4.76% | View data |
