In 2024, Sweden leads the European NPK Fertilizers Real Price Index for Agriculture, with a value significantly higher than others, showcasing a strong increase in the cost of fertilizers. Sweden saw a substantial year-on-year growth of 32.32% in 2022, signaling a robust upward trend. Other notable increases include Portugal and Hungary, at 25.01% and 30.59%, respectively. Countries like Estonia and Malta trail behind, with only slight year-on-year increases, reflecting a more stable price environment for these regions over the past two years.
Future trends to watch include the impact of global supply chain disruptions, geopolitical tensions, and climate change on fertilizer prices. The ongoing shift towards sustainable agriculture practices may also influence the long-term trajectory of NPK fertilizer demand and pricing across Europe.
Top countries in NPK Fertilizers Real Price Index for Agriculture by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 221.84 | 2022 | +86.69% | +32.32% | View data |
| 2 | 2 Portugal | 213.37 | 2022 | +58.35% | +25.01% | View data |
| 3 | 3 Hungary | 192.9 | 2022 | +98.64% | +30.59% | View data |
| 4 | 4 Finland | 192.18 | 2022 | +71.93% | +30.19% | View data |
| 5 | 5 Ireland | 192.12 | 2022 | +96.92% | +28.92% | View data |
| 6 | 6 Luxembourg | 185.5 | 2022 | +86.56% | +29.92% | View data |
| 7 | 7 Denmark | 183.87 | 2022 | +85.26% | +26.05% | View data |
| 8 | 8 Slovenia | 183.78 | 2022 | +72.16% | +27.99% | View data |
| 9 | 9 Belgium | 181.75 | 2022 | +73.52% | +29.75% | View data |
| 10 | 10 Slovakia | 162.99 | 2022 | +87.3% | +23.14% | View data |
