The sold production of animal or vegetable fertilizers in Italy exhibited substantial fluctuations between 2013 and 2023. After starting at 429.35 million kilograms in 2013, the production saw a significant drop in 2014 before rising again in 2015 and 2016. A remarkable peak occurred in 2017 with 879.31 million kilograms, the highest value within the period. This was followed by a steep decline in 2018. The 2019 to 2021 timeframe saw relative stability, although 2019 experienced another peak. However, the industry faced a sharp decline in 2022, with values continuing to fall up to 2023, where it stood at 326.38 million kilograms.
Future forecasts indicate a continuous decline in production, reaching 175.68 million kilograms by 2028. The year-on-year variations and the Compound Annual Growth Rate (CAGR) reveal persisting volatility: the latest two years showed a downward trend (-46.45% in 2022 and -3.53% in 2023), with an average annual decline of 9.89% projected over the next five years.
Future trends to watch for include the impact of regulatory changes, advancements in sustainable farming practices, and potential shifts in market demand for organic fertilizers. Monitoring these factors will be critical for anticipating market directions and strategizing accordingly.
