In 2023, the production of fertilizers and nitrogen compounds in Finland stood at 2.1518 Billion Kilograms. The forecasted data for the years 2024 to 2028 shows a steady increase in production: 2.1806 Billion Kilograms in 2024, 2.2102 Billion Kilograms in 2025, 2.2395 Billion Kilograms in 2026, 2.2684 Billion Kilograms in 2027, and 2.2971 Billion Kilograms in 2028.
Year-on-year variations from 2024 to 2026 are as follows:
• 2024: 1.34% increase from 2023
• 2025: 1.36% increase from 2024
• 2026: 1.33% increase from 2025
Over the last two years (2022 to 2023), the average annual increase (CAGR) in production was 1.34%. Looking at the forecast period (2024-2028), this trend is expected to maintain an average annual growth rate (CAGR) around 1.34% per year.
Future trends to watch for include technological advancements in production efficiency, potential regulatory changes impacting production processes, and shifts in global demand due to climate change and agricultural practices. Additionally, sustainable practices may become more prevalent, influencing market dynamics and production methods.
