Report Update Nov 1, 2024

Finland - NPK Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Finland

After two years of growth, the Finnish NPK fertilizer market decreased by -16.1% to $X in 2022. In general, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell rapidly in the following year.

Npk Fertilizer Production in Finland

In value terms, NPK fertilizer production soared to $X in 2022 estimated in export price. Over the period under review, production showed a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Npk Fertilizer Exports

Exports from Finland

In 2022, exports of mixed nitrogen, phosphorus and potassium (NPK) fertilizers from Finland totaled X tons, remaining relatively unchanged against the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 7.7% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, NPK fertilizer exports totaled $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 9.9%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Sweden (X tons) and Poland (X tons) were the main destinations of NPK fertilizer exports from Finland, with a combined 51% share of total exports. Latvia, Lithuania, Denmark, Tanzania, the United States, the Netherlands, Estonia, China, the Czech Republic and New Zealand lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +28.0%), while the other leaders experienced more modest paces of growth.

It was followed by Poland, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+2.2% per year) and Poland (+10.5% per year).

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2013 an increase of 2%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while the average price for exports to Latvia ($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 China (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Finland

After two years of growth, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -34.8% to X tons in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, NPK fertilizer imports declined rapidly to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 118%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Russia (X tons), Norway (X tons) and Lithuania (X tons) were the main suppliers of NPK fertilizer imports to Finland, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +199.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Russia ($X) and Lithuania ($X) appeared to be the largest NPK fertilizer suppliers to Finland, together comprising 87% of total imports.

Among the main suppliers, Norway, with a CAGR of +153.7%, recorded the highest rates of growth with regard to the value of imports, 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 NPK fertilizer import price amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 37% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer consumption in 2021 were the United States, India and Vietnam, together accounting for 33% of global consumption. Spain, Indonesia, Russia, South Korea, Brazil, Poland, Ukraine, the UK, Japan and Ireland lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer production in 2021 were the United States, Russia and India, with a combined 39% share of global production.

What are the leading suppliers of mixed nitrogen, phosphorus and potassium (npk) fertilizers to Finland?

In value terms, Russia constituted the largest supplier of npk fertilizer to Finland, comprising 60% of total imports. The second position in the ranking was occupied by Norway, with a 25% share of total imports. It was followed by Estonia, with a 5.7% share.

What are the leading importers of mixed nitrogen, phosphorus and potassium (npk) fertilizers from Finland?

In value terms, Lithuania, Sweden and Denmark were the largest markets for npk fertilizer exported from Finland worldwide, together accounting for 49% of total exports. These countries were followed by Poland, Tanzania, the United States, the Netherlands, Kenya, New Zealand, Estonia, Ukraine and Chile, which together accounted for a further 44%.

What is the average export price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in Finland?

The average npk fertilizer export price stood at $363 per ton in 2021, stabilizing at the previous year.

What is the average import price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in Finland?

The average npk fertilizer import price stood at $406 per ton in 2021, jumping by 48% against the previous year.

This report provides an in-depth analysis of the npk fertilizer market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4021 -

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023