The production of animal or vegetable fertilizers in Italy has shown significant fluctuations over the years. After a stagnant period from 2013 to 2015, production surged in 2016 and peaked in 2019. The year-on-year growth saw notable changes with an 81.34% increase in 2017, followed by a dramatic drop of 73.08% in 2018. A remarkable recovery occurred in 2019 with a 281.16% rise, though 2020 saw a decrease by 32.56%. From 2021 to 2023, production stabilized somewhat with moderate annual variations; 2021 saw an increase of 4.18%, 2022 a slight decline of 1.7%, and 2023 an increase of 14.75%, culminating in a production of 704.91 million kilograms in 2023. Looking at the last five years, the average compound annual growth rate (CAGR) was 24.74%, indicating strong overall growth.
The forecast from 2024 onwards predicts steady growth in production, with a CAGR of 3.7% leading to a projected increase of 19.91% by 2028. This suggests a positive but more controlled growth trend compared to the previous five years.
Future trends to watch for include:
- Potential regulatory changes impacting production practices.
- Shifts in agricultural demand driven by climate change and sustainability goals.
- Technological advancements in fertilizer production and application.
- Market dynamics including international trade policies and competition.
