In 2023, the actual sold production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Italy stood at approximately 1.62 million euros. Forecasted values from 2024 to 2028 show a consistent decline, with a significant drop from 1.42 million euros in 2024 to 0.68 million euros in 2028.
Year-on-year percentage changes reveal the following:
- 2024 to 2025: A decrease of 13.5%.
- 2025 to 2026: A decline of 15.3%.
- 2026 to 2027: A reduction of 17.7%.
- 2027 to 2028: A fall of 21.1%.
The compound annual growth rate (CAGR) over this five-year period is approximately -15.3%, indicating an average year-on-year decline.
Future trends to watch include potential increases in production efficiency or demand shifts due to environmental regulations and agricultural policy changes affecting Italy's chemical industry. Close attention to global market dynamics and innovations in fertilizer composition could also impact future production levels.
