Forecast: Fertilisers and Soil Improvers Production in the Netherlands

The production of fertilizers and soil improvers in the Netherlands displayed various trends from 2013 to 2023. The values fluctuated with a notable decrease between 2016 and 2020, reaching a low point in 2020. However, there was a significant recovery observed from 2021 onwards, culminating in a remarkable increase in 2022 and 2023, with 2023 standing at €1,570 million.

Key year-on-year variations include:

• 2022: +98.1%
• 2023: +39.63%

The compound annual growth rate (CAGR) over the past five years (2019-2023) was 30.07%, demonstrating an accelerating growth trend.

Looking ahead, the forecast for the next five years suggests continued robust growth with a 5-year CAGR of 11.74%. By 2028, production is expected to reach €3,490 million, indicating a robust future for the industry.

Future trends to watch for include advancements in sustainable and environmentally-friendly fertilizer technologies, potential regulatory changes impacting production costs, and fluctuations in global demand and agricultural practices.