The Finnish fertilisers and nitrogen compounds market has experienced moderate growth from 2013 to 2023, reaching a market size of 965.14 Million Euros in 2023. The year-on-year variations show both ups and downs, with notable growth in 2015 by 28.91% and a decrease in 2020 by 5.19%. Over the last two years, the market grew by 3.57% in 2022 and by 3.41% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.23%, indicating modest but steady growth. Forecasts suggest the market will continue to grow, with an expected CAGR of 2.35% and a 12.33% overall growth by 2028.
Future trends to watch for:
- Technological advancements and innovations in fertiliser production
- Environmental regulations and their impact on the market
- Changes in agricultural practices and crop choices
- Supply chain and raw material price fluctuations
- Growth in organic fertiliser demand and sustainable farming practices
