Animal or vegetable fertilizers market in Finland

Earlier Report Observations

From 2018 to 2020, the market for animal or vegetable fertilizers in Finland showed notable fluctuations. The market volume stood at 10 381 t in 2018, valued at 7 456 thousand US dollars, with domestic fertilizer prices tracking global increases due to higher demand and production costs. In 2019, both volume and value declined to 8 704 t and 5 810 thousand dollars, respectively. A sharp recovery followed in 2020, lifting the market to 13 919 t and 8 380 thousand dollars.

A major expansion occurred in 2021, with volume reaching 18 206 t and value soaring to 12 627 thousand dollars. This growth was primarily driven by a steep rise in fertilizer prices resulting from soaring natural gas costs and post‑COVID‑19 economic recovery, which elevated production expenses and bolstered demand. The following year, market volume eased to 17 445 t while value stabilized at 12 424 thousand dollars. This period was marked by a market crisis where fertilizer prices doubled or tripled compared to mid‑2021, sustaining high market value despite a slight dip in physical volume.

Subsequent years brought significant regulatory and structural developments. In 2023, fertilizer prices fell by about 51% from their peak but remained well above pre‑crisis levels, influenced by the war in Ukraine and supply‑chain realignments. During 2024, a new phosphorus regulation broadened the rules for fertilizer use in agriculture and landscaping. Support measures for biogas‑based fertilizer production were introduced, and Yara partnered with Lantmännen to market low‑carbon fertilizers as part of a sustainable farming program. Concurrently, the Finnish Competition and Consumer Authority launched an investigation into fertilizer pricing and market practices.

Production animal or vegetable fertilizers in Finland

In value, 2017-2020, K $ US

In 2020, Finland's output of animal or vegetable fertilizers was valued at 5,424 thousand US dollars, marking a 12.8% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 16.2%, which translates to an annualized rate of 5.1%. The highest value was recorded in 2018 at 6,053 thousand US dollars. The largest decline occurred in 2019, with a drop of 20.6%, while the largest increase was in 2018, at 29.7%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Finland produced 9,439 tonnes of animal or vegetable fertilizers, representing an 8.5% improvement over the previous year. From 2017 to 2020, production increased by 27.8%, with a compound annual growth rate of 8.5%. The largest decline was recorded in 2019, at 6.0%, while the largest increase occurred in 2018, at 25.3%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports animal or vegetable fertilizers from Finland

Exports in kind, t

The market showed noticeable fluctuations during the period. Exports bottomed in 2019 and peaked in 2020, with a 512-fold difference between these years. In 2020, Finland exported 525 tonnes of animal or vegetable fertilizers, showing a steep year-on-year improvement of 51,113.8%. The minimum value was recorded in 2019 at 1 tonne, with the largest decline that year at 99.8%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Estonia absorbed 81.4% of Finland's total exports in kind of animal or vegetable fertilizers, with the remainder distributed among a wide range of smaller destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

The market exhibited noticeable fluctuations during the period. The span from 2017 to 2019 showed a peak-to-trough amplitude of 2.2 times. In 2020, Finland exported 281 thousand US dollars of animal or vegetable fertilizers, down by 33.4% year-on-year. The maximum value was recorded in 2019 at 422 thousand US dollars, with the largest increase that year at 104.8%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Throughout 2017 to 2020, Estonia, Vietnam, and Russia formed the core of Finland's exports in value terms, accounting for 53.5%, 19.1%, and 9.3% of exports, respectively. Together, they represented 81.9% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports animal or vegetable fertilizers to Finland

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports reached their lowest point in 2019 and peaked in 2020, reflecting a 1,288-fold gap. In 2020, Finland's imports of animal or vegetable fertilizers reached 5,004 tonnes, up by 128,735.4% compared to the previous year. The minimum value was recorded in 2019 at 4 tonnes, with the largest decline that year at 99.7%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

Over 2017 to 2020, the Netherlands, Belgium, and Sweden were the main suppliers of animal or vegetable fertilizers to Finland, accounting for 32.7%, 31.7%, and 29.4% of imports in kind, respectively. Together, they comprised 93.8% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

The market showed an unstable trend throughout the timeframe. Imports were at their lowest in 2017 and peaked in 2020, reflecting a 5-fold gap. In 2020, the volume of animal or vegetable fertilizers imports to Finland amounted to 3,237 thousand US dollars, which is 127.2% greater year-on-year. The largest decline was recorded in 2019 at 11.4%, while the largest increase occurred in 2018 at 149.2%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, Belgium, the Netherlands, and Sweden were the main destinations in the geographical breakdown of imports in value terms of animal or vegetable fertilizers to Finland, with shares of 30.7%, 28.4%, and 12.5%, respectively. Together, they accounted for 71.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020