In 2023, Spain led European phosphate fertilizer consumption, followed by Romania and France. Romania and Bulgaria showed notable consumption growth, while the Netherlands and Finland experienced significant declines. Spain's consumption saw a marginal decline, and Germany and the UK also registered negative growth. Meanwhile, Ireland and several Eastern European countries like Hungary and Latvia experienced modest growth.
Future Trends to Watch:
- Potential increase in ecological farming practices could influence overall demand.
- Economic recovery and agricultural policy changes in Eastern Europe may fuel further consumption growth.
- Ongoing geopolitical tensions and energy costs may impact production and distribution costs, affecting consumption trends.
- Environmental regulations and sustainable farming initiatives are expected to reshape market dynamics.
Top countries in Phosphate Fertilisers Consumption Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 16.33 | 2023 | +0.094% | -0.55% | View data |
| 2 | 2 Romania | 12.8 | 2023 | +4.03% | +3.69% | View data |
| 3 | 3 France | 12.75 | 2023 | -3.5% | -2.87% | View data |
| 4 | 4 Poland | 12.56 | 2023 | -0.62% | -0.51% | View data |
| 5 | 5 Germany | 6.82 | 2023 | -3.53% | -2.94% | View data |
| 6 | 6 United Kingdom | 6.21 | 2023 | -2.05% | -2.28% | View data |
| 7 | 7 Italy | 5.19 | 2023 | -4.94% | -3.32% | View data |
| 8 | 8 Ireland | 3.88 | 2023 | +1.29% | +1.25% | View data |
| 9 | 9 Bulgaria | 3.32 | 2023 | +3.63% | +3.42% | View data |
| 10 | 10 Hungary | 3.23 | 2023 | +1.99% | +1.66% | View data |
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