The Swedish urea market exhibited significant fluctuations between 2012 and 2022. The market value peaked in 2013 at 39.473 Million Euros before plummeting in 2014 to 29.557 Million Euros, marking a notable decline. Subsequent years encountered a mix of minor recoveries and declines, with a significant dip in 2020 by 18.83%. By 2021, the market saw a considerable recovery with a 20.96% increase, stabilizing around 35.991 Million Euros in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.36%, indicating overall modest growth amid volatility. Both 2021 and 2022 saw slight improvements year-on-year, at 20.96% and 0.38% respectively.
Looking ahead, several future trends in the urea market warrant attention:
- Emerging agricultural technologies and their impact on urea demand.
- Sustainability practices influencing urea production and consumption.
- Potential regulatory changes affecting the chemical and fertilizer industry.
- Global market dynamics and their influence on the Swedish urea market.
| # | 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% | |
| 5 | 5 Croatia | 26,732,000 | 2023 | -6.22% | -5.44% | View data |
| 6 | 6 Finland | 15,897,000 | 2023 | +1.9% | +0.94% | View data |
