The forecasted data for the production of superphosphates in Spain from 2024 to 2028 shows the following values in million kilograms of Phosphorus Pentoxide (P2O5):
- 2024: 344.02
- 2025: 348.79
- 2026: 353.52
- 2027: 358.20
- 2028: 362.84
The year-on-year percentage variations are:
- 2024-2025: ((348.79 - 344.02) / 344.02) * 100 = 1.39%
- 2025-2026: ((353.52 - 348.79) / 348.79) * 100 = 1.36%
- 2026-2027: ((358.20 - 353.52) / 353.52) * 100 = 1.32%
- 2027-2028: ((362.84 - 358.20) / 358.20) * 100 = 1.30%
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period is calculated as:
- CAGR from 2024 to 2028: ((362.84 / 344.02)^(1/4) - 1) * 100 = 1.35%
Future trends to watch for include the potential impact of agricultural policies on production efficiency, advancements in fertilizer technology, changes in global demand for superphosphates, and environmental regulations influencing production practices.
