Forecast: Potassium Fertilisers Consumption in the Netherlands

The consumption of potassium fertilisers in the Netherlands saw a peak in 2019 at 31.88 thousand metric tons before gradually declining to 30.0 thousand metric tons in 2023. This represents a slight but consistent decrease in the past few years, with year-on-year variations showing a downward trend: -2.58% in 2020, -1.15% in 2021, -1.14% in 2022, and -1.13% in 2023. The compound annual growth rate (CAGR) over these five years stands at -1.08%, indicating a gradual decline in consumption.

The forecasted data from 2024 to 2028 suggests a continuing decrease with a 5-year CAGR of -0.98%, leading to a projected consumption of 28.21 thousand metric tons by 2028. This equates to a total reduction of approximately 4.79% over the five-year period.

Future trends to watch for:

• Technological advancements in fertiliser efficiency which could lead to reduced usage.
• Policy changes or environmental regulations that may affect the agricultural sector and fertiliser consumption.
• Economic factors influencing agricultural practices and fertiliser affordability.
• Substitution with alternative fertilisers or soil health practices.