In 2023, the European market for Urea containing at least 45% nitrogen by weight saw varied trends. Poland led with a market size of 463.33 million Euros, followed by the United Kingdom and Spain with 380.92 and 360.83 million Euros respectively. Italy experienced a downturn, decreasing by 2.15% year-on-year. Greece and Finland showed moderate growth at 1.27% and 1.64%, while Sweden and Croatia faced negative trends, with Sweden at -1.02% and Croatia at -5.32%.
Future trends worth noting include:
- Potential shifts in demand due to agricultural policy changes within the EU.
- An increased focus on sustainable fertilizers which may impact traditional urea demand.
- Technological advancements in fertilizer production affecting market dynamics.
Top countries in Urea Containing at Least 45% by Weight of Nitrogen on the Dry Anhydrous Product Market Size Value by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 463,330,000 | 2023 | +2.17% | +1.62% | View data |
| 2 | 2 United Kingdom | 380,920,000 | 2023 | +1.97% | +2.01% | View data |
| 3 | 3 Spain | 360,830,000 | 2023 | +1.81% | +1.52% | View data |
| 4 | 4 Italy | 256,600,000 | 2023 | -2.77% | -2.15% | View data |
| 5 | 5 Greece | 79,323,000 | 2023 | +5.33% | +1.27% | View data |
| 6 | 6 Sweden | 32,092,000 | 2023 | -0.53% | -1.02% | View data |
| 7 | 7 Croatia | 26,509,000 | 2023 | -6.29% | -5.32% | View data |
| 8 | 8 Finland | 15,993,000 | 2023 | +1.69% | +1.64% | View data |
