Forecasted data shows a progressive decline in fertilizer consumption in Norway from 2024 to 2028. Consumption decreases steadily, starting at 16.81 in 2024 and falling to 15.38 by 2028. The year-on-year variation indicates a slight but continuous reduction each year, reflecting an average annual decline (CAGR) over this five-year period.
Highlighted Trends:
- 2024-2025: -2.14%
- 2025-2026: -2.19%
- 2026-2027: -2.18%
- 2027-2028: -2.34%
- CAGR (2024-2028): approximately -2.21%
Future trends to watch for include advancements in sustainable agricultural practices, changes in regulatory policies, and potential technological innovations in farming that may further affect fertilizer consumption patterns. Moreover, evolving environmental concerns and the increasing focus on organic farming could continue to influence this downward trend in fertilizer usage.
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