The market for urea containing at least 45% nitrogen in Croatia has shown a declining trend since 2013, with a market size of 26.509 million euros in 2023. The most notable year-on-year decreases were observed in recent years: a 14.68% drop in 2022, followed by a 6.29% decrease in 2023. The compound annual growth rate (CAGR) over the past five years stands at -5.32%, indicating a consistent downward trend in market value.
Future trends to watch for:
- Potential recovery in agricultural demand that may revitalize the market.
- Impact of environmental regulations and sustainable practices affecting urea usage.
- Economic conditions and policy changes influencing the fertilizer market dynamics.
How does Croatia rank in Urea Containing at Least 45% by Weight of Nitrogen on the Dry Anhydrous Product Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 463,330,000 | 2023 | +2.17% | +1.62% | View data |
| 2 | 2 United Kingdom | 380,920,000 | 2023 | +1.97% | +2.01% | View data |
| 3 | 3 Spain | 360,830,000 | 2023 | +1.81% | +1.52% | View data |
| 4 | 4 Italy | 256,600,000 | 2023 | -2.77% | -2.15% | View data |
| 5 | 5 Greece | 79,323,000 | 2023 | +5.33% | +1.27% | View data |
| 6 | 6 Sweden | 32,092,000 | 2023 | -0.53% | -1.02% | View data |
| 7 | 7 Croatia | 26,509,000 | 2023 | -6.29% | -5.32% | |
| 8 | 8 Finland | 15,993,000 | 2023 | +1.69% | +1.64% | View data |
