Forecast: Fertilizers Production Value in the UK

The UK's fertilizers production value was €1.51 billion in 2023. While the CAGR for the last five years indicated a modest decline of -2.93%, annual variations during these years showed fluctuations. For instance, the year-on-year change from 2022 to 2023 was a decrease of -1.79%. The production value forecast shows a continuing downward trend, with the 2028 forecasted value at €1.36 billion, representing a forecasted 5-year CAGR of -1.58% and a total forecasted decline of -7.67%.

Future trends to watch for include:

- Technological advancements impacting production efficiency.

- Global market fluctuations and trade policies affecting raw material costs.

- Environmental regulations pushing for more sustainable and eco-friendly production practices.

- Climatic impacts influencing agricultural demands and fertilizer usage patterns.

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