The fertilisers and nitrogen compounds market in Denmark has seen a notable decline from 2013 to 2024, starting at 298.58 million euros in 2013 and projected to reach 194.23 million euros in 2024, reflecting a continuous downward trend. In 2023, the market stood at 206.29 million euros. The recent year-on-year variation indicates a decrease of 5.57% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years is -4.57%. Forecasts predict a further decline, with a forecasted 5-year CAGR of -5.39% and a 5-year growth rate of -24.21% from 2023 to 2028.
Future trends to watch for:
- Potential shifts to more sustainable agricultural practices.
- Impact of government policies on fertiliser use and production.
- Technological advancements in farming reducing the need for traditional fertilisers.
- Changes in global market dynamics affecting local production costs and demand.
Latest reports
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