The Kieserite and Epsomite market in Germany has shown a consistent downward trend in per capita value from 2013 to 2023, decreasing from $0.58 per capita in 2013 to $0.079 in 2023. Year-on-year, the last two years saw a sharp decrease of 29.4% from 2021 to 2022, and 34.2% from 2022 to 2023. The 5-year compound annual growth rate (CAGR) reflects an average annual decline of approximately 21.9% from 2018 to 2023.
Future trends to watch for:
- Renewed interest in sustainable agricultural practices could impact demand.
- Technological advancements might open new applications or efficiencies in extraction and use.
- Regulatory changes within the EU could further influence market dynamics.