Finland: Herbicide Market 2025

Herbicide Market Size in Finland

In 2021, the Finnish herbicide market increased by 2,731% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Herbicide Production in Finland

In value terms, herbicide production dropped rapidly to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 234%. Herbicide production peaked at $X in 2020, and then shrank significantly in the following year.

Herbicide Exports

Exports from Finland

In 2021, approx. X tons of herbicides were exported from Finland; dropping by -54.1% compared with 2020 figures. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2016 when exports increased by 17,407% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, herbicide exports contracted sharply to $X in 2021. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 21,404% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X kg) was the main destination for herbicide exports from Finland, with a 71% share of total exports. Moreover, herbicide exports to Russia exceeded the volume sent to the second major destination, Estonia (X kg), fourfold. Sweden (X kg) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-20.3% per year) and Sweden (-9.1% per year).

In value terms, Russia ($X) emerged as the key foreign market for herbicides exports from Finland, comprising 86% of total exports. The second position in the ranking was taken by Estonia ($X), with a 6.3% share of total exports. It was followed by Sweden, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-26.8% per year) and Sweden (+3.8% per year).

Export Prices by Country

In 2021, the average herbicide export price amounted to $X per ton, surging by 74% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2017 an increase of 391% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into Finland

In 2021, purchases abroad of herbicides increased by 1% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, herbicide imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Ireland (X tons) and Denmark (X tons) were the main suppliers of herbicide imports to Finland, together accounting for 67% of total imports. Germany, France, the Netherlands, Austria and the UK lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +40.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of herbicides to Finland, comprising 42% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.2% per year) and France (-6.4% per year).

Import Prices by Country

The average herbicide import price stood at $X per ton in 2021, growing by 16% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 52%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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