In 2023, Spain's production of ammonium sulphate stood at 334.77 million kilograms of nitrogen. Recent years showed varied trends with notable high points and dips, such as a peak in 2017 with 314.24 million kilograms and a trough in 2019 with 280.68 million kilograms. The year-on-year variation highlighted growth periods, such as 11% in 2020 and modest growth in 2021 at 1.42% and 3.19% in 2023. The overall CAGR from 2018 to 2023 averaged 3.03% annually.
From 2024 onwards, forecast data predicts steady growth culminating in 384.93 million kilograms in 2028. The forecasted 5-year CAGR stands at 2.21%, suggesting a stable albeit slower growth trend compared to the historical data from 2018-2023.
Future trends to watch for include potential impacts from environmental policies, global market dynamics, and technological advancements in production processes. These factors could either accelerate growth or introduce volatility in the ammonium sulphate production landscape.
