Forecast: Nitrogen Fertilisers Consumption in Norway

In 2023, Norway's nitrogen fertilizer consumption stood at 108.52 Thousand Metric Tons. The forecast data for the years 2024 to 2028 shows a consistent upward trend in nitrogen fertilizer consumption, with values increasing year by year from 108.92 Thousand Metric Tons in 2024 to 110.88 Thousand Metric Tons in 2028. Year-on-year variations indicate small incremental growths: 0.47% from 2024 to 2025, 0.45% from 2025 to 2026, 0.44% from 2026 to 2027, and 0.43% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) is calculated to be approximately 0.44%.

Future trends to watch for include potential shifts in agricultural practices, environmental regulations affecting fertilizer use, and technological advancements in fertilizer application that may influence consumption patterns. Monitoring changes in crop patterns and international market dynamics will also be crucial. Organic farming trends and sustainability initiatives may further impact nitrogen fertilizer consumption in Norway.