Forecast: Nitrogen Market Size Value in the Netherlands

In 2023, the nitrogen market in the Netherlands stood at 223.62 million euros. Over the past decade, the market has displayed both fluctuations and growth. From a value of 180.56 million euros in 2013, the market experienced a decline in 2014 (-11.47%) before recovering with varied year-on-year growth rates. Notably, a significant increase of 17.26% occurred in 2018.

Over the last two years, the market exhibited modest growth with year-on-year variations of 1.38% in 2022 and 1.34% in 2023. The average annual variation (CAGR) over the last five years was 1.92%. Forecasts suggest a steady increase, with the market projected to reach 238.02 million euros by 2028, representing a forecasted 5-year CAGR of 0.99% and a total growth rate of 5.06%.

Future trends to watch for include potential impacts of environmental regulations, advancements in nitrogen-efficient technologies, and fluctuations in agricultural demand. These factors could significantly influence the market dynamics in the coming years.