Potassic fertilizers market in Finland

Earlier Report Observations

From 2019 to 2022, the potassic fertilizers market in Finland experienced a period of substantial expansion, with its volume more than doubling from 260 thousand tons to 647 thousand tons. This growth was driven primarily by a surge in domestic production, which increased from 246 thousand tons to 643 thousand tons over the same three-year period.

Following the 2022 peak, the market contracted sharply over the next two years, falling to 281 thousand tons by 2024. Production mirrored this decline, dropping to 272 thousand tons in 2024, a level similar to that seen in 2020. Imports remained a minor component of supply throughout, with a notable but temporary increase to 18.5 thousand tons in 2021.

Production potassic fertilizers in Finland

In value, 2017-2020, M $ US

Potassic fertilizer production in Finland increased for the second consecutive year. In 2020, output was valued at 102.5 million US dollars, marking a 12.5% decline compared to 2019. Production grew by 59.4% between 2017 and 2020, equating to an annualized rate of 16.8%. The lowest value was recorded in 2018 at 56.2 million US dollars, which also saw the largest decline of 12.5%. The largest increase occurred in 2019, with a 68.0% rise.

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

In kind, 2017-2020, K t

In 2020, Finland produced 298.2 thousand tonnes of potassic fertilizers, showing a robust increase of 21.2% compared to 2019.

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

Exports potassic fertilizers from Finland

Exports in kind, t

After a two-year gain, Finland's potassic fertilizer exports declined. In 2020, Finland exported 4 tonnes, reflecting a 52.6% decrease year-over-year. Between 2017 and 2020, exports fell by 11.8%, equating to an annualized rate of 4.1%. The highest volume was recorded in 2019 at 9 tonnes, which also saw the largest increase of 51.0%.

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

From 2017 to 2020, Estonia remained the main destination for exports in kind, accounting for 87.9% of total flows, with the remaining share distributed across various smaller markets.

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 an unstable trend throughout the period. Exports reached their lowest point in 2017 and peaked in 2018, with a 5.3-fold gap between these years. In 2020, exported potassic fertilizers from Finland totaled 6 thousand US dollars, indicating a 52.0% increase from the previous year. The highest value was recorded in 2018 at 20 thousand US dollars, which also saw the largest increase of 428.0%. The largest decline occurred in 2019, with an 80.5% drop.

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

From 2017 to 2020, Iceland and Estonia were the main destinations for exports in value terms, jointly accounting for 80.6% of total flows, while the remaining share was split among other markets.

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

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

Imports potassic fertilizers to Finland

Imports in kind, t

There were noticeable fluctuations in market performance during this period. Imports reached their lowest point in 2017 and peaked in 2019, with a 9.6-fold variation between these years. In 2020, cross-border shipments of potassic fertilizers to Finland totaled 2 066 tonnes, showing an abrupt fall of 85.5% compared to the previous year. The highest volume was recorded in 2019 at 14 262 tonnes. The largest increase occurred in 2018, with a 229.9% rise.

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

From 2017 to 2020, Egypt remained the main source for potassic fertilizers imported by Finland, accounting for 74.9% of total imports in kind, while the remaining volume was distributed among other countries.

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

Volatility characterized the market behavior during these years. Imports reached their minimum in 2017 and their maximum in 2019, with a 10-fold variation between these points. In 2020, Finland imported potassic fertilizers valued at 6 thousand US dollars, representing a steep drop of 84.5% year-over-year. The highest value was recorded in 2019 at 7 773 thousand US dollars. The largest increase occurred in 2018, with a 248.1% rise.

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

From 2017 to 2020, Egypt remained the main market for imports in value terms, with a share of 73.6% of total flows, while the rest of the volume was fragmented across numerous other destinations.

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

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