The Fertilisers and Nitrogen Compounds Market in Latvia has shown significant growth from 2013 to 2023, with a market size reaching 199.24 million Euros in 2023. Over the last decade, the market has experienced both growth and decline in varying years, with substantial increases recorded in 2015, 2017, and 2021. Recent years show a positive trend with a year-on-year variation of 3.97% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years was approximately 4.82%, illustrating steady growth.
Future trends to watch for include:
- Technological advancements in fertiliser production to improve efficiency.
- Regulatory changes affecting environmental impact.
- Economic factors influencing agricultural demand in Latvia and globally.
How does Latvia rank in Fertilisers and Nitrogen Compounds Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,700,200,000 | 2023 | -3.95% | -3.12% | View data |
| 2 | 2 Italy | 1,911,000,000 | 2023 | +0.7% | +0.49% | View data |
| 3 | 3 Germany | 1,607,500,000 | 2023 | -5.3% | -2.81% | View data |
| 4 | 4 Finland | 965,140,000 | 2023 | +3.41% | +2.23% | View data |
| 5 | 5 Czech Republic | 427,040,000 | 2023 | +0.17% | +0.26% | View data |
| 8 | 8 Sweden | 314,340,000 | 2023 | +1.2% | +3.58% | View data |
| 9 | 9 Denmark | 206,290,000 | 2023 | -5.57% | -4.57% | View data |
| 10 | 10 Latvia | 199,240,000 | 2023 | +3.97% | +4.82% | |
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