Market research

Carbon dioxide market in Finland

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Production of carbon dioxide in Finland rose to 224 thousand tons in 2019, up from 209 thousand tons the previous year. This early growth occurred alongside discussions on carbon capture technologies that could make fossil fuel plants emission-free, although the solutions were still costly and under development. Output then entered a period of sustained decline, falling to 190 thousand tons in 2021 and 160 thousand tons in 2022.

The reduction in production continued in 2023, dropping to 152 thousand tons. This coincided with a 19% decrease in carbon dioxide emissions from Finland’s emissions trading sector, driven especially by a sharp fall from combustion plants, as updated EU rules began reshaping the allocation of free allowances. In 2024, output saw a modest recovery to 155 thousand tons. Despite a further 14% drop in emissions trading sector emissions, several carbon capture and utilization projects advanced, and the business potential for products made from captured CO2 gained attention, even though regulatory gaps and insufficient incentives continued to slow broader adoption.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, K t
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Trade balance
1. 6.1. Trade balance (Direct Data)
  1. 6.1.1. In kind, kg
  2. 6.1.2. In value, $ US
2. 6.2. Trade balance (Mirror Data)
  1. 6.2.1. In kind, kg
  2. 6.2.2. In value, $ US
7. Top buying and selling countries, 2018-2024
1. 7.1. Direct Data
  1. 7.1.1. Import in Value by Countries-buyers
  2. 7.1.2. Export in Value by Countries-suppliers
2. 7.2. Mirror Data
  1. 7.2.1. Import in Value by Countries-buyers
  2. 7.2.2. Export in Value by Countries-suppliers

Production carbon dioxide in Finland

In value, 2017-2020, K $ US

Finland's carbon dioxide production experienced a two-year period of growth before declining. In 2020, the output was valued at 23 432 thousand US dollars, marking a 2.5% decrease from the previous year. Over the period from 2017 to 2020, production rose by 19.9%, which translates to an average annual growth rate of 6.2%. The peak value occurred in 2019 at 24 026 thousand US dollars, while the largest annual increase was in 2018 at 22.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.2%	0.6%	(2.5%)	6.2%

Source: SHEV.io

In kind, 2017-2020, K t

Finland's carbon dioxide production volume saw a two-year increase before dropping. In 2020, the country produced 214.5 thousand tonnes, a 4.3% decline compared to the year before. From 2017 to 2020, production grew by 13.5%, with a compound annual growth rate of 4.3%. The highest volume was recorded in 2019 at 224.3 thousand tonnes, and the most significant annual rise was in 2018 at 10.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	7.3%	(4.3%)	4.3%

Source: SHEV.io

Exports carbon dioxide from Finland

According to the sector overview, Finland did not export any carbon dioxide between 2017 and 2020.

Imports carbon dioxide to Finland

Market analysis indicates that Finland did not import any carbon dioxide from 2017 to 2020.

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