In 2023, Spain led the European market in the sold production of fertilizers in tablets or similar forms or in packages, valued at 151.49 million euros, showcasing a year-on-year growth of 7.39%. The UK and Italy followed, with production values of 31.041 and 20.324 million euros respectively, and registered growth rates of 2.83% and 12.65%. In contrast, Germany and Denmark experienced significant declines of 31.96% and 24.23% respectively. Bulgaria also saw a decrease of 6.28%.
Future trends to watch include:
- Spain's continued dominance and growth in the sector.
- Potential recovery or further declines in German and Danish markets.
- Adoption of environmentally sustainable practices affecting production dynamics.
Top countries in Sold Production of Fertilisers in Tablets or Similar Forms or in Packages by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 151,490,000 | 2023 | +5.42% | +7.39% | View data |
| 2 | 2 United Kingdom | 31,041,000 | 2023 | +1.63% | +2.83% | View data |
| 3 | 3 Italy | 20,324,000 | 2023 | +27.19% | +12.65% | View data |
| 4 | 4 Bulgaria | 2,793,500 | 2023 | +3.7% | -6.28% | View data |
| 5 | 5 Germany | 2,103,100 | 2023 | -51.41% | -31.96% | View data |
| 6 | 6 Denmark | 448,550 | 2023 | +5.44% | -24.23% | View data |
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