Finland: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Finland

In 2022, the Finnish mixed fertilizer market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed strong growth. Mixed fertilizer consumption peaked in 2022 and is expected to retain growth in the immediate term.

Mixed Fertilizer Production in Finland

In value terms, mixed fertilizer production surged to $X in 2022 estimated in export price. Overall, production posted a prominent increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Mixed Fertilizer Exports

Exports from Finland

In 2022, the amount of mixed fertilizers exported from Finland skyrocketed to X tons, with an increase of X% on the year before. Overall, exports recorded a slight expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mixed fertilizer exports surged to $X in 2022. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Brazil (X tons) and Thailand (X tons) were the main destinations of mixed fertilizer exports from Finland, with a combined X% share of total exports. Poland, Latvia, Lithuania, Denmark, Norway, the Netherlands, Tanzania, Germany, the United States and Estonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) emerged as the key foreign market for mixed fertilizers exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Poland (X% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Finland

After two years of growth, purchases abroad of mixed fertilizers decreased by X% to X tons in 2022. In general, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, mixed fertilizer imports fell notably to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Russia (X tons), Norway (X tons) and Lithuania (X tons) were the main suppliers of mixed fertilizer imports to Finland, together accounting for X% of total imports. Estonia, Poland, Latvia, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Norway ($X) and Lithuania ($X) constituted the largest mixed fertilizer suppliers to Finland, together comprising X% of total imports. Estonia, Latvia, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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