In 2023, the fertilizer turnover in Austria stood at 1.19 billion euros, based on the historical data provided. Forecasted values indicate a steady year-on-year growth in the coming years: from 1.22 billion euros in 2024 to 1.35 billion euros in 2028. This represents a year-on-year average growth rate (CAGR) of approximately 2.875% over the five-year period.
Variations in turnover from one year to the next are as follows:
- 2024: 2.52% increase from 2023
- 2025: 2.46% increase from 2024
- 2026: 2.40% increase from 2025
- 2027: 3.13% increase from 2026
- 2028: 2.27% increase from 2027
Future trends to watch for include technological advancements in fertilizer production, sustainable agricultural practices, and potential regulatory changes impacting the market. These factors will likely influence both supply and demand dynamics, and could lead to adjustments in turnover growth rates moving forward.
