The production of anhydrous ammonia in France exhibited significant fluctuations from 2013 to 2023. The values remained stagnant at zero between 2013 and 2015. It surged dramatically in 2016, peaking in 2018. However, production plummeted in 2019 but revived with considerable growth in 2020. Subsequent years saw a decline and moderate recoveries, with a slight dip in 2023 standing at approximately 679,390,000 kilograms of nitrogen.
Year-on-year variations reveal the erratic nature of production trends. In recent years, there was a 24.55% increase in 2022 and a minor 3.79% decline in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged at -5.82%, indicating a downward trend despite temporary spikes.
For the future, forecasts from 2024 to 2028 suggest a stabilization with minimal growth, achieving a forecasted 5-year CAGR of 0.01% and an overall growth rate of 0.04% by 2028. This suggests an industry reaching equilibrium.
Future trends to watch for include potential regulatory changes, advancements in production technology, and economic factors influencing demand and supply dynamics in the ammonia market.
