In 2023, the consumption of phosphate fertilisers in Norway stood at 19.7 Thousand Metric Tons. Forecasted data indicates a gradual decline in consumption over the next five years, with values decreasing from 19.47 Thousand Metric Tons in 2024 to 18.56 Thousand Metric Tons by 2028. The year-on-year percentage variations are as follows:
- 2024 to 2025: -1.18%
- 2025 to 2026: -1.20%
- 2026 to 2027: -1.21%
- 2027 to 2028: -1.17%
The compound annual growth rate (CAGR) for phosphate fertilisers consumption over this period is approximately -1.19% per year.
Future trends to watch for include advancements in sustainable agriculture practices, potential regulatory changes, and the adoption of precision farming techniques that could further influence the demand for phosphate fertilisers in Norway.
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