Forecast: Phosphorus Fertilizers Consumption in the Netherlands

Over the past years, phosphorus fertilizers consumption in the Netherlands has demonstrated considerable fluctuations. From 2013's 3.98 thousand metric tons, the consumption saw a significant increase to 5.87 thousand metric tons by 2014, followed by a notable drop in 2015. By 2016, the consumption bounced back again, but the subsequent years exhibited a general declining trend with occasional increases. In 2023, the phosphorus fertilizers consumption was 4.56 thousand metric tons, reflecting a year-on-year decline of 3.43%. The compound annual growth rate (CAGR) from 2019 to 2023 was -2.88%, indicating a gradual reduction in consumption.

Looking forward, the forecasted data suggests a continuous decline in phosphorus fertilizers consumption, decreasing to 3.77 thousand metric tons by 2028. The forecasted CAGR over the next five years is -3.03%, resulting in an overall reduction of 14.27% from 2023 levels.

Trends to watch for in the future include:

• Changes in agricultural practices and advancements in fertilizer efficiency.
• Environmental regulations impacting phosphorus usage.
• Market shifts towards sustainable and organic farming methods.
• Technological innovations reducing dependency on traditional fertilizers.