Based on the data provided, the fertilisers and nitrogen compounds market size in Austria stood at 545.26 million kilograms in 2023. The market is projected to decrease annually with values of 536.39 million kg in 2024, 527.4 million kg in 2025, 518.5 million kg in 2026, 509.69 million kg in 2027, and 500.97 million kg in 2028.
The year-on-year percentage variation over the last two years shows a consistent decline. From 2023 to 2024, the market volume decreased by approximately 1.63%. This trend continues with a 1.67% drop from 2024 to 2025, a 1.69% fall from 2025 to 2026, a 1.70% decrease from 2026 to 2027, and a 1.71% reduction from 2027 to 2028. The compound annual growth rate (CAGR) for the period 2023-2028 is approximately -1.68%, indicating a significant but steady decrease.
Future trends to watch for in the fertilisers and nitrogen compounds market in Austria include potential shifts towards more sustainable and eco-friendly alternatives, advancements in organic fertiliser technologies, and regulatory changes aimed at reducing environmental impacts. Monitoring these developments could provide insights into market adjustments and new opportunities.
