Report Update Nov 1, 2024

Finland - Nitrogen - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Finland: Nitrogen Market 2024

Nitrogen Market Size in Finland

In 2021, the Finnish nitrogen market increased by 5.7% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Nitrogen consumption peaked in 2021 and is expected to retain growth in the immediate term.

Nitrogen Production in Finland

In value terms, nitrogen production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Nitrogen production peaked in 2021 and is likely to continue growth in the immediate term.

Nitrogen Exports

Exports from Finland

In 2013, the amount of nitrogen exported from Finland dropped significantly to X cubic meters, declining by -32.4% against the previous year. Overall, exports recorded a precipitous decline. The exports peaked at X cubic meters in 2012, and then shrank significantly in the following year.

In value terms, nitrogen exports contracted significantly to $X in 2013. Over the period under review, exports faced a sharp descent. Over the period under review, the exports attained the peak figure at $X in 2012, and then reduced remarkably in the following year.

Exports by Country

Norway (X cubic meters), Estonia (X cubic meters) and Russia (X cubic meters) were the main destinations of nitrogen exports from Finland, with a combined 96% share of total exports.

From 2012 to 2013, the biggest increases were recorded for Estonia (with a CAGR of +72.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Norway ($X) emerged as the key foreign market for nitrogen exports from Finland, comprising 49% of total exports. The second position in the ranking was held by Estonia ($X), with a 20% share of total exports. It was followed by Russia, with a 13% share.

From 2012 to 2013, the average annual rate of growth in terms of value to Norway totaled +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+13.4% per year) and Russia (-82.7% per year).

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2013, reducing by -11.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2013, amid the top suppliers, the country with the highest price was Sweden ($X per cubic meter), while the average price for exports to Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+48.5%), while the prices for the other major destinations experienced a decline.

Nitrogen Imports

Imports into Finland

In 2021, overseas purchases of nitrogen decreased by -0.4% to X cubic meters for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a strong increase. The growth pace was the most rapid in 2019 with an increase of 93%. Imports peaked at X cubic meters in 2020, and then declined in the following year.

In value terms, nitrogen imports expanded to $X in 2021. Overall, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 78%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Sweden (X cubic meters) was the main nitrogen supplier to Finland, accounting for a 97% share of total imports. It was followed by Latvia (X cubic meters), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +5.0%.

In value terms, Sweden ($X) constituted the largest supplier of nitrogen to Finland, comprising 72% of total imports. The second position in the ranking was held by Latvia ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +3.1%.

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, growing by 2.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 131% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2021, the average import prices remained 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 Latvia ($X per cubic meter), while the price for Sweden amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrogen in the world?

The country with the largest volume of nitrogen consumption was China, accounting for 19% of total volume. Moreover, nitrogen consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the largest producers of nitrogen in the world?

The country with the largest volume of nitrogen production was China, accounting for 19% of total volume. Moreover, nitrogen production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.7% share.

What are the leading suppliers of nitrogen to Finland?

In value terms, Sweden constituted the largest supplier of nitrogen to Finland, comprising 74% of total imports. The second position in the ranking was occupied by Latvia, with an 11% share of total imports.

What are the leading importers of nitrogen from Finland?

In value terms, Sweden, Estonia and Latvia were the largest markets for nitrogen exported from Finland worldwide, with a combined 88% share of total exports. The Netherlands and Lithuania lagged somewhat behind, together accounting for a further 3.2%.

What is the average export price for nitrogen in Finland?

The average nitrogen export price stood at $0.1 per cubic meter in 2021, flattening at the previous year.

What is the average import price for nitrogen in Finland?

The average nitrogen import price stood at $0.2 per cubic meter in 2021, rising by 4.9% against the previous year.

This report provides an in-depth analysis of the nitrogen 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 20111160 - Nitrogen

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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to reduce your production and supply chain costs
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