The European sold production of nitrogen is led by Germany, representing 20.15%, followed by Italy at 17.96% and the Netherlands at 12.41%. Spain and France make up a significant portion, although France saw a notable decline of 11.35% in 2023. Minor players like Slovenia and Lithuania have minimal shares around 0.17% and 0.031%, respectively. Year-on-year trends show the Netherlands experienced substantial growth of 11.25%, whereas the Slovakian market contracted slightly by 1.47%, and Slovenia decreased by 6.64%. The compound annual growth rate (CAGR) has varied, with Portugal witnessing a surge of 9.24%.
Future trends to watch in the European market include the potential for further expansion in the Dutch market, driven by technological innovations. Germany and Italy are expected to maintain their dominance given their strong industrial bases. Monitoring the impact of economic conditions in smaller markets such as Bulgaria, which showed notable growth recently, will also be essential. Additionally, environmental policies across the EU may affect production dynamics and distribution, emphasizing sustainability in nitrogen production.
Top countries in Sold Production of Nitrogen Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20.15 | 2023 | +3.14% | +2.94% | View data |
| 2 | 2 Italy | 17.96 | 2023 | +3.81% | +3.27% | View data |
| 3 | 3 Netherlands | 12.41 | 2023 | +11.67% | +11.25% | View data |
| 4 | 4 Spain | 10.36 | 2023 | +2.66% | +1.96% | View data |
| 5 | 5 France | 8.71 | 2023 | -6.05% | -11.35% | View data |
| 6 | 6 Belgium | 7.41 | 2023 | +0.86% | +1.57% | View data |
| 7 | 7 Poland | 6.33 | 2023 | +1.15% | +1.38% | View data |
| 8 | 8 Austria | 3.87 | 2023 | +1.94% | +1.65% | View data |
| 9 | 9 Czechia | 3.68 | 2023 | |||
| 10 | 10 Hungary | 2.7 | 2023 | +3.58% | +5.2% | View data |
