The European NPK Fertilizers Price Index for Agriculture in 2024 shows significant variations across countries, with Hungary at the highest end and Malta at the lowest. Hungary, marked by a value of 128.98, indicates strong market demand or limited supply, while countries like Malta, Greece, and Estonia report much lower values, suggesting potential market saturation or cost efficiencies. Notably, a downward trend in countries such as France, Italy, and Poland points to a decrease in fertilizer prices, potentially reflecting advancements in production efficiency or shifts in agricultural policies.
Future trends to watch include:
- Impact of EU agricultural policies aiming for sustainable farming practices which might affect fertilizer demand.
- Technological advancements leading to the potential reduction in fertilizer needs or substitution by alternative nutrients.
- Economic conditions influencing production costs and thus affecting the price index.
- Climate change impacts potentially altering fertilizer requirements across different regions.
Top countries in NPK Fertilizers Price Index for Agriculture by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 128.98 | 2022 | View data |
| 2 | 2 Ireland | 112.89 | 2022 | View data |
| 3 | 3 Slovakia | 110.02 | 2022 | View data |
| 4 | 4 Luxembourg | 101.79 | 2022 | View data |
| 5 | 5 Sweden | 101.71 | 2022 | View data |
| 6 | 6 Denmark | 100.97 | 2022 | View data |
| 7 | 7 Belgium | 91.47 | 2022 | View data |
| 8 | 8 Lithuania | 88.73 | 2022 | View data |
| 9 | 9 Slovenia | 88.2 | 2022 | View data |
| 10 | 10 Finland | 84.28 | 2022 | View data |
