In 2023, Germany led the European sold production of compounds with other nitrogen functions share, with a dominant position at 41.29%, albeit with a 2.67% year-on-year decline. Hungary followed with 33.12%, also slightly declining at 1.41%. Spain showed a notable increase of 13.23%, capturing 15.69% of the market. France improved by 3.41%, holding 12.4% of the share. Other countries like Italy and Poland experienced negative growth rates. Overall, the trends indicate a shift with some markets expanding, particularly Finland and Lithuania, albeit from smaller shares.
Future trends to watch include:
- Increased investment in Spain and France, potentially leading to continued growth.
- Potentially stabilizing markets in Hungary and Germany despite recent declines.
- The impact of EU regulation changes on production practices across countries.
- Technological innovation leading to new product development, especially in smaller markets.
Top countries in Sold Production of Compounds with Other Nitrogen Functions Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.29 | 2023 | +0.053% | -2.67% | View data |
| 2 | 2 Hungary | 33.12 | 2023 | +5.42% | -1.41% | View data |
| 3 | 3 Spain | 15.69 | 2023 | +7.63% | +13.23% | View data |
| 4 | 4 France | 12.4 | 2023 | +47.03% | +3.41% | View data |
| 5 | 5 Netherlands | 6.9 | 2023 | +7.61% | -0.8% | View data |
| 6 | 6 United Kingdom | 5.22 | 2023 | -0.059% | +0.001% | View data |
| 7 | 7 Italy | 0.28 | 2023 | -48.03% | -16.18% | View data |
| 8 | 8 Finland | 0.082 | 2023 | +4.89% | +12% | View data |
| 9 | 9 Poland | 0.02 | 2023 | +1.77% | -6.97% | View data |
| 10 | 10 Denmark | 0.012 | 2021 | -12.59% | -1.66% | View data |
