In 2023, France led European sold production of fertilizers containing nitrogen and phosphorus with significant growth observed at 19.4%, reaching 75.136 million euros. Belgium and Italy followed, showing modest growth at 3.11% and 6.26% respectively. Lithuania displayed impressive growth at 17.64%. Spain and Finland experienced marginal increases, while Greece and Croatia saw decreases of 24.66% and 28.05%. Hungary experienced a strong growth of 13.6%, albeit from a lower base.
Looking ahead, the European fertilizer market could be influenced by agricultural policy changes, technological advancements, and environmental regulations. Monitoring these aspects will be crucial for understanding future production dynamics in this sector.
Top countries in Sold Production of Fertilisers Containing Nitrogen and Phosphorus by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 75,136,000 | 2023 | +2.45% | +19.4% | View data |
| 2 | 2 Belgium | 39,842,000 | 2023 | +15.17% | +3.11% | View data |
| 3 | 3 Italy | 38,950,000 | 2023 | +7.73% | +6.26% | View data |
| 4 | 4 Lithuania | 34,230,000 | 2023 | +7.17% | +17.64% | View data |
| 5 | 5 Spain | 21,378,000 | 2023 | +17.24% | +0.75% | View data |
| 6 | 6 Greece | 17,424,000 | 2023 | +3.36% | -24.66% | View data |
| 7 | 7 Finland | 16,378,000 | 2023 | +11.68% | +1.79% | View data |
| 8 | 8 Hungary | 2,696,000 | 2023 | +6.73% | +13.6% | View data |
| 9 | 9 Croatia | 2,377,200 | 2023 | -15.09% | -28.05% | View data |
| 10 | 10 Denmark | 51,240 | 2023 | +33.58% | View data |
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