The Croatian urea market has seen a steady decline from a value of 49.098 million Euros in 2013 to 26.732 million Euros in 2023. The most recent year-on-year variations reveal a decline of 12.99% in 2022 and a further decline of 6.22% in 2023. The compound annual growth rate (CAGR) over the last five years is calculated at -5.44%, indicating a consistent downturn.
Future trends to watch for include:
- Potential market stabilization or reversal through increasing agricultural demands.
- Changes in global urea market dynamics, impacting exports and imports.
- The influence of EU regulations on fertilizers affecting domestic production and usage.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 409,100,000 | 2023 | +1.53% | +1.95% | View data |
| 2 | 2 Spain | 366,450,000 | 2023 | +1.78% | +1.36% | View data |
| 3 | 3 Italy | 261,450,000 | 2023 | -2.73% | -2.12% | View data |
| 4 | 4 Sweden | 36,126,000 | 2023 | +0.38% | +0.092% | View data |
| 5 | 5 Croatia | 26,732,000 | 2023 | -6.22% | -5.44% | |
| 6 | 6 Finland | 15,897,000 | 2023 | +1.9% | +0.94% | View data |
| 7 | 7 Denmark | 14,756,000 | 2023 | -0.36% | -1.21% | View data |
