Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Finland - 2023
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (CIF) - 2022
The average import price for articles of precious metal or of metal clad with precious metal stood at $5,875,104 per ton in 2022, declining by -40.8% against the previous year. In general, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 74% against the previous year. The import price peaked at $22,089,050 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Germany ($6,970,766 per ton), while the price for Hungary ($1,022,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $136,824 per ton in 2022, waning by -73.9% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 21,222%. As a result, the export price attained the peak level of $25,895 per kg. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($136,757 per ton), while the average price for exports to the UK stood at $108,400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-11.0%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland
For the fourth consecutive year, Finland recorded growth in supplies from abroad of articles of precious metal or of metal clad with precious metal, which increased by 21% to 2.4 tons in 2022. The total import volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of precious metal or of metal clad with precious metal reduced notably to $14M in 2022. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports attained the peak of $19M, and then contracted sharply in the following year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.8 | 11.3 | 18.6 | 12.7 | 65.5% |
| Germany | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Hungary | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Malaysia | 0.1 | N/A | N/A | N/A | 0% |
| United Kingdom | 6.6 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| Total | 9.8 | 11.9 | 19.4 | 13.9 | 12.4% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Finland in 2022:
- Norway (2096.0 kg)
- Hungary (82.0 kg)
- Germany (64.0 kg)
- United Kingdom (5.0 kg)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland
In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from Finland soared to 68 tons, with an increase of 204% on the previous year's figure. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 825% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of articles of precious metal or of metal clad with precious metal reduced markedly to $9.3M in 2022. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 1.6 | 4.8 | 11.7 | 9.3 | 79.8% |
| United Kingdom | 15.0 | 3.1 | N/A | N/A | -79.3% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 16.6 | 8.0 | 11.8 | 9.3 | -17.6% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Finland in 2022:
- Norway (68.1 tons)
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