The sold production of nitric acid, sulphonitric acids, and ammonia in Finland stood at 18.840 million euros in 2023. For the forecasted years, 2024 to 2028, the respective values are 19.801, 21.476, 23.134, 24.776, and 26.402 million euros.
Year-over-year variations show a consistent upward trend:
- From 2023 to 2024: 5.10%
- From 2024 to 2025: 8.46%
- From 2025 to 2026: 7.72%
- From 2026 to 2027: 7.10%
- From 2027 to 2028: 6.56%
On a compounded annual growth rate (CAGR) basis, the average annual variation from 2024 to 2028 is approximately 6.79%.
Future trends to watch for include potential regulatory changes impacting production costs, technological advancements in production efficiency, and market demand shifts due to environmental considerations and economic conditions. Monitoring these factors will be essential for stakeholders in the sector.
