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During 2009, Yara pursued its growth strategy with new business initiatives, enhancing its unique market position. The fertilizer market was largely depressed; the market for industrial products fared better. In a changing global environment, Yara emphasizes knowledge development in the search for new business opportunities.
The global economic turmoil which made its mark in the end of 2008 intensified during 2009, strongly affecting Yara’s operations and results. However, despite the non-satisfactory market developments in 2009, the long-term market outlook is favorable.
Yara has established ten long-term goals for value creation, underlining its growth ambition and reflecting its growth strategy of creating value for shareholders, stakeholders, and society.
Yara recorded a rebound in demand for fertilizer after a significant drop the previous year, with the global fertilizer market being largely supply-driven during 2009, calling for production curtailments. The market for industrial products remained strong.
Yara is constantly exploring business opportunities, building on its position as the world-leading provider of nitrogen-based crop nutrition and industrial solutions, offering solutions within the agricultural as well as the industrial markets.
Yara successfully employed its flexible business model to overcome the market turmoil in 2009, adjusting production capacity to meet market fluctuations. Due to market conditions, temporary curtailments were enforced.
Yara considers the long-term fundamentals for fertilizer demand to be strong, driven by a robust growth in global grain consumption, which again is driven by economic developments in emerging markets with ongoing dietary changes, and further biofuel growth.
The fertilizer season in Western Europe referred to in this discussion starts July 1 and ends June 30. “Tons” in this document refers to metric tons, equal to 1,000 kilograms.
Yara's operational data is stated in kilotons.
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In 2009, we saw our business model put to a tough test following the dramatic decline in fertilizer sales at the end of 2008. We reacted with determination, employing our scale advantage, unique flexibility and unrivalled presence.
Financial_Report 2009(PDF, 8.6MB)
Finansrapport_2009(PDF, 8.3MB)
Citizenship Report 2009(PDF, 9.7MB)
Report of the Board of Directors(PDF, 980KB)
Financial Statements(PDF, 5.5MB)
Corporate Governance(PDF, 409KB)
Historical data(XLS, 160KB)
