Market research

Nitrogen market in Finland

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

The Finnish nitrogen market by volume remained steady between 2018 and 2020, with annual consumption around 380 million cubic meters. A pronounced downturn then occurred, shrinking the market to 305 million cubic meters in 2022. A recovery phase began in 2023, lifting volume to 360 million cubic meters by 2024, though still short of the earlier peak.

In monetary terms, the market displayed a contrasting trend. Its value climbed from 29 million dollars in 2018 to 41 million dollars in 2023, indicating higher unit prices or a change in product composition. This upward momentum stalled in 2022 and saw a minor dip in 2024.

Domestic production is the primary source for the market, as imports are marginal and exports nonexistent. Production followed a similar pattern to market volume, declining sharply after 2020 and rebounding in 2024.

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, M m³
  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, M m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/K m³
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, K m³
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, K m³
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production nitrogen in Finland

In value, 2017-2020, K $ US

Finland's nitrogen production has increased for the third consecutive year. In 2020, the output of nitrogen was valued at 31 011 K $ US, marking a modest improvement of 3.5% from the previous year. Between 2017 and 2020, production grew by 23.7%, which translates to an annualized rate of 7.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.2%	3.7%	3.5%	7.3%

Source: SHEV.io

In kind, 2017-2020, M m³

Finland's nitrogen production has risen for the third year in a row. In 2020, the country produced 377.2 M m³ of nitrogen, showing negligible variation compared to 2019. Over the period from 2017 to 2020, production increased by 10.9%, equivalent to an annualized growth rate of 3.5%.

Annual dynamics of production in Finland in kind, 2017-2020, M m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.4%	0.2%	0.3%	3.5%

Source: SHEV.io

Exports nitrogen from Finland

Market research indicates that there were no exports of nitrogen from Finland between 2017 and 2020.

Imports nitrogen to Finland

Imports in kind, K m³

The data shows irregular changes, pointing to a volatile market environment. Import volumes reached their lowest point in 2017 and peaked in 2019, with a 2.4-fold difference between these years. In 2020, imported nitrogen volumes in Finland amounted to 3 505 K m³, reflecting a significant reduction of 13.5% year-over-year. The maximum volume was recorded in 2019 at 4 053 K m³, with the largest increase occurring that year at 91.9%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	26.9%	91.9%	(13.5%)	28.2%

Source: SHEV.io

From 2017 to 2020, Sweden was the key supplier of nitrogen to Finland, accounting for 84.8% of total imports in kind, while a diverse group of other countries made up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Foreign nitrogen supplies to Finland have increased for the third consecutive year. In 2020, imports were recorded at 717.6 K $ US, which is 28.1% higher than in 2019. Between 2017 and 2020, imports surged by 163.8%, equating to an annualized rate of 38.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.9%	77.7%	28.1%	38.2%

Source: SHEV.io

Between 2017 and 2020, Sweden was the primary source for imports in value terms, representing 74.1% of total flows, while other markets comprised a long tail of smaller partners.

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

Source: SHEV.io

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

Source: SHEV.io