In 2023, Finland's animal or vegetable fertilisers market stood at 5.2041 million euros. From 2013 to 2023, significant fluctuations were observed, such as a notable increase of 54.59% in 2017 and a peak in 2018 with 24.22%. The five-year CAGR was more modest, tapering off to 1.57% by 2023. Year-on-year changes showed the variability in the market, peaking notably in certain years while declining in others. The recent trend from 2021 to 2023 shows relatively stable growth with mild year-on-year variations of 6.65% and 2.19% in 2021 and 2023, respectively.
A forecast through 2028 suggests that Finland's market for these fertilizers will grow at a steady but moderate pace, marked by an 8.09% overall growth rate and a forecast 5-year CAGR of 1.57%.
Future trends to watch for include:
- Sustainability initiatives driving demand for organic fertilizers.
- Technological advancements increasing production efficiency.
- Potential regulatory impacts on market dynamics.
- Economic shifts influencing agricultural investments and outputs.
