The UK market size for urea containing at least 45% nitrogen was valued at 380.92 million Euros in 2023, showing a year-on-year growth of 1.97%. Over the past two years, the market recovered from the 15.15% decline in 2020 with significant recoveries of 16.9% in 2021 and 7.42% in 2022. The five-year CAGR leading up to 2023 stood at 2.01%, indicating a steady upward trend following fluctuations in earlier years.
Future trends to watch for include:
- Potential regulatory changes affecting fertilizer usage and imports.
- Technological advancements in agriculture enhancing nitrogen efficiency.
- Shifts in global supply chains impacting availability and pricing.
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 463,330,000 | 2023 | +2.17% | +1.62% | View data |
| 2 | 2 United Kingdom | 380,920,000 | 2023 | +1.97% | +2.01% | |
| 3 | 3 Spain | 360,830,000 | 2023 | +1.81% | +1.52% | View data |
| 4 | 4 Italy | 256,600,000 | 2023 | -2.77% | -2.15% | View data |
| 5 | 5 Greece | 79,323,000 | 2023 | +5.33% | +1.27% | View data |
