The fertilisers and nitrogen compounds market in Finland reached 1.9582 billion kilograms in 2023, experiencing a year-on-year growth of 2.88% from the previous year. Over the last two years, the market has shown a modest average annual growth rate (CAGR) of 1.3%. Over the last five years, the market has demonstrated an average annual growth rate (CAGR) of approximately 2.98%, indicating a steady increase in market volume. Notably, the market saw substantial year-on-year fluctuations over the past decade, with significant growth peaks in 2015 and 2017 but also marked declines, such as in 2014 and 2019.
Looking forward, the market is expected to continue its growth trajectory, reaching 2.2196 billion kilograms by 2028, with a forecasted 5-year CAGR of 1.98%. This suggests a total growth rate of approximately 10.31% from 2023 to 2028. Key trends to watch for include advancements in fertiliser technology, shifts towards sustainable and environmentally-friendly practices, and potential regulatory changes impacting the production and use of nitrogen compounds in agriculture.
