Report Update Jan 1, 2025

Finland - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Nitrates Market 2025

Nitrates Market Size in Finland

In 2021, the Finnish nitrates market decreased by -72.8% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, posted modest growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nitrates Production in Finland

In value terms, nitrates production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 27%. Nitrates production peaked at $X in 2020, and then dropped in the following year.

Nitrates Exports

Exports from Finland

In 2021, approx. X tons of nitrates (excluding those of potassium) were exported from Finland; increasing by 106% against the previous year. Over the period under review, exports, however, faced a deep contraction. The growth pace was the most rapid in 2018 with an increase of 238% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nitrates exports soared to $X in 2021. In general, exports, however, saw a mild slump. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) and the Netherlands (X tons) were the main destinations of nitrates exports from Finland.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%).

In value terms, Poland ($X) and the Netherlands ($X) were the largest markets for nitrates exported from Finland worldwide.

Poland, with a CAGR of +0.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average nitrates export price amounted to $X per ton, dropping by -3.9% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 120%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then shrank slightly in the following year.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrates Imports

Imports into Finland

In 2021, purchases abroad of nitrates (excluding those of potassium) decreased by -71% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 443% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, nitrates imports dropped markedly to $X in 2021. In general, imports showed a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of 731%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of nitrates imports to Finland, together comprising 72% of total imports. Russia, Belgium, the Netherlands, Spain and Sweden lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +363.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and Norway ($X) appeared to be the largest nitrates suppliers to Finland, together comprising 51% of total imports. Spain, Belgium, Russia, the Netherlands and Sweden lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Spain, with a CAGR of +228.5%, 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 2021, the average nitrates import price amounted to $X per ton, which is down by -33% against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates consumption was China, accounting for 20% of total volume. Moreover, nitrates consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of nitrates (excluding those of potassium) in the world?

The country with the largest volume of nitrates production was China, accounting for 30% of total volume. Moreover, nitrates production in China exceeded the figures recorded by the second-largest producer, Norway, threefold. India ranked third in terms of total production with a 7.5% share.

What are the leading suppliers of nitrates (excluding those of potassium) to Finland?

In value terms, Italy, Poland and Russia constituted the largest nitrates suppliers to Finland, together accounting for 51% of total imports. Norway, Spain, Belgium and the Netherlands lagged somewhat behind, together comprising a further 32%.

What are the leading importers of nitrates (excluding those of potassium) from Finland?

In value terms, Poland and the Netherlands constituted the largest markets for nitrates exported from Finland worldwide.

What is the average export price for nitrates (excluding those of potassium) in Finland?

The average nitrates export price stood at $1,200 per ton in 2021, dropping by -72.2% against the previous year.

What is the average import price for nitrates (excluding those of potassium) in Finland?

The average nitrates import price stood at $746 per ton in 2021, with an increase of 67% against the previous year.

This report provides an in-depth analysis of the nitrates 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:

Prodcom 20134210 - Nitrates (excluding those of potassium)

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
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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024