In 2023, the production value of fertilizers in Spain stood at 2.03 billion Euros. Forecasted figures indicate a steady growth over the next five years, increasing from 2.07 billion Euros in 2024 to 2.25 billion Euros by 2028. The year-on-year variations are modest, averaging around 2% annually:
- 2024: 2%
- 2025: 2.4%
- 2026: 1.9%
- 2027: 2.3%
- 2028: 1.8%
Over the last two years, the production value increased by approximately 1.97%. The Compound Annual Growth Rate (CAGR) between 2023 and 2028 is projected to be around 2%.
Future trends to watch for include advancements in sustainable and organic fertilizers, shifts in agricultural practices, and regulatory changes within the EU that may impact production costs and demand.
Latest reports
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