The nitrogen market in Portugal has displayed fluctuating trends over the past decade. Starting from a value of €38.738 million in 2013, the market experienced declines until 2015, followed by a recovery phase. By 2023, the market value stood at €52.149 million, marking a steady increase, particularly from 2018 onwards. The year-on-year variations indicate a positive but slowing growth over the last two years, with a 1.7% increase in 2023. The five-year CAGR reveals a 4.72% annual average growth, illustrating a moderate upward trend from 2018 to 2023.
Future trends to watch for include:
- Continuous technological advancements in nitrogen production.
- Increasing demand in agricultural and industrial applications.
- Potential regulatory changes impacting production and usage.
- Global market developments and their influence on domestic market dynamics.
How does Portugal 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 |
| 6 | 6 Belgium | 124,480,000 | 2023 | -0.09% | -0.011% | View data |
| 7 | 7 Austria | 76,560,000 | 2023 | +0.65% | +0.21% | View data |
| 8 | 8 Portugal | 52,149,000 | 2023 | +1.7% | +4.72% | |
| 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 |
