The Fertilisers and Nitrogen Compounds market in Austria has exhibited a declining trend from 2012 to 2022, with a notable downturn between 2015 and 2019. The market volume decreased from 653.31 million kilograms in 2012 to 576.12 million kilograms in 2022. Year-on-year variations show fluctuations with a general downward trend reaching its peak negative year-on-year variation at -3.73% in 2015, followed by slight sporadic recoveries in subsequent years.
Over the last two years, the market experienced a 3.25% increase in 2021, before dropping by 1.89% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at -0.71%, indicating a relatively modest average annual decline.
Looking ahead, several variables could impact the market, such as advancements in eco-friendly fertiliser technologies, shifts towards organic farming, and regulatory changes favoring sustainable agricultural practices. Additionally, fluctuations in global commodities prices and supply chain stability could influence future market dynamics.
How does Austria rank in Fertilisers and Nitrogen Compounds Market Size Volume?
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,374,500,000 | 2023 | +4.85% | -0.84% | View data |
| 2 | 2 Spain | 3,990,600,000 | 2023 | +2.21% | +2.21% | View data |
| 3 | 3 Finland | 1,958,200,000 | 2023 | +2.88% | +1.3% | View data |
| 4 | 4 Germany | 1,504,000,000 | 2023 | -13.03% | -7.6% | View data |
| 5 | 5 United Kingdom | 1,484,900,000 | 2023 | -3.9% | -3.34% | View data |
| 6 | 6 Ireland | 1,326,100,000 | 2023 | -10.06% | -8.87% | View data |
| 7 | 7 Czech Republic | 624,810,000 | 2023 | -5.76% | -3.97% | View data |
| 8 | 8 Austria | 545,460,000 | 2023 | -1.65% | -1.33% | |
| 9 | 9 Lithuania | 508,160,000 | 2023 | +2.52% | +1.73% | View data |
| 10 | 10 Sweden | 473,380,000 | 2023 | +1.95% | +5.45% | View data |
