Forecast: Production of Fertilisers Containing Nitrogen and Phosphorus in Italy

Over the past decade, the production of fertilisers containing nitrogen and phosphorus in Italy has experienced notable fluctuations. Between 2013 and 2017, production saw a modest yet consistent increase. However, a significant decline commenced in 2018 and continued with substantial year-on-year variations, peaking in 2021. This peak was followed by another dramatic drop in 2022. As of 2023, production stood at 82.194 million kilograms, showing a 6.89% decrease from the previous year. The Compound Annual Growth Rate (CAGR) for the past five years reflects a mixed trend, averaging a growth of 3.99% annually.

Looking ahead, the forecast from 2024 indicates a consistent decline, with a forecasted CAGR of -12.01% over the next five years and an anticipated total reduction of 47.25% by 2028. This suggests that the industry may face continued challenges such as regulatory changes, market demand shifts, or potential advancements in alternative fertilisers.

Future trends to watch for include:

• Technological advancements in sustainable and eco-friendly fertilisers.
• Regulatory changes affecting production and usage of nitrogen and phosphorus-based fertilisers.
• Market demand shifts towards organic and alternative fertilisation methods.