Over the past decade, the fertilisers and nitrogen compounds market in Finland has experienced fluctuations. Starting from 583.58 million euros in 2012, the market saw minor declines until 2014, followed by a significant 28.91% year-on-year rise in 2015, propelling the market to 747.19 million euros. The market continued to grow, albeit with some variability. For instance, the 12.69% increase in 2018 was notable, bringing the market size to 864.29 million euros. By 2022, the market had reached 879.54 million euros with modest growth. Thus, over the past five years, the market's compound annual growth rate (CAGR) has shown an average of 2.78% per year.
Future Trends to Watch for:
- International commodity prices and their impact on raw material costs.
- Environmental regulations and their influence on fertilizer composition and usage.
- Technological advancements in fertilizer production and application efficiency.
- Market demand shifts due to agricultural trends and sustainable farming practices.
How does Finland rank in Fertilisers and Nitrogen Compounds Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,700,200,000 | 2023 | -3.95% | -3.12% | View data |
| 2 | 2 Italy | 1,911,000,000 | 2023 | +0.7% | +0.49% | View data |
| 3 | 3 Germany | 1,607,500,000 | 2023 | -5.3% | -2.81% | View data |
| 4 | 4 Finland | 965,140,000 | 2023 | +3.41% | +2.23% | |
| 5 | 5 Czech Republic | 427,040,000 | 2023 | +0.17% | +0.26% | View data |
| 6 | 6 Portugal | 347,310,000 | 2023 | +1.57% | +0.72% | View data |
