Forecast: Fertilizer Consumption in Spain

Fertilizer consumption in Spain is projected to follow a stable upward trend from 2024 to 2028, starting at 163.08 kg/ha in 2024 and reaching 165.76 kg/ha by 2028. In 2023, actual consumption was recorded at 162.40 kg/ha. Year-on-year variations are minimal, with less than a 1% increase each year. The two years preceding the forecast showed a modest average annual growth rate of approximately 0.58%. Over the next five years, the compound annual growth rate (CAGR) stands around 0.63%.

Future trends to watch for include advancements in precision agriculture, potential regulatory changes around fertilizer usage, and technological innovations aimed at improving yield efficiency. Any of these factors could impact the forecasted growth trajectory.