Forecast: Fertilizer Consumption in Sweden

In 2023, the fertilizer consumption in Sweden was recorded at 121.15 kilograms per hectare of arable land. Forecast data for 2024 shows an increase to 123.97, and this upward trend is expected to continue through 2028, reaching 132.81 kilograms per hectare.

Year-on-Year Variations:

• 2024: +2.32% from 2023
• 2025: +2.07% from 2024
• 2026: +1.82% from 2025
• 2027: +1.62% from 2026
• 2028: +1.43% from 2027

Looking at the Compound Annual Growth Rate (CAGR) over this forecast period, the average annual increase in fertilizer consumption is approximately 1.85% from 2023 to 2028. This indicates a steady growth pattern driven by greater emphasis on agricultural productivity and sustainable farming practices.

Future trends to watch for include advancements in precision agriculture technologies, which could optimize fertilizer usage, and increased regulatory focus on environmental impacts, potentially influencing consumption patterns. Monitoring these factors will be crucial for accurately forecasting future fertilizer needs.