Finland: Herbicide Market 2024

Herbicide Market Size in Finland

After two years of growth, the Finnish herbicide market decreased by X% to $X in 2022. Over the period under review, consumption saw significant growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Herbicide Production in Finland

In value terms, herbicide production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Herbicide production peaked in 2022 and is expected to retain growth in the near future.

Herbicide Exports

Exports from Finland

Herbicide exports from Finland contracted remarkably to X kg in 2022, with a decrease of X% on the year before. In general, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, herbicide exports contracted dramatically to $X in 2022. Overall, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X kg), Iceland (X kg) and Sweden (X kg) were the main destinations of herbicide exports from Finland.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Estonia ($X), Iceland ($X) and Sweden ($X) were the largest markets for herbicide exported from Finland worldwide.

Iceland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average herbicide export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Herbicide Imports

Imports into Finland

In 2022, purchases abroad of herbicides increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, herbicide imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest herbicide supplier to Finland, accounting for a X% share of total imports. Moreover, herbicide imports from Belgium exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Denmark (X% per year).

In value terms, Denmark ($X), Belgium ($X) and France ($X) were the largest herbicide suppliers to Finland, together comprising X% of total imports. Ireland, Germany, Slovenia, Sweden, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average herbicide import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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