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Finland - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Gold Market 2022

Gold Market Size in Finland

The Finnish gold market declined notably to $X in 2021, falling by -X% against the previous year. Over the period under review, consumption, however, recorded a abrupt shrinkage. Gold consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Gold Production in Finland

In value terms, gold production dropped significantly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Gold Exports

Exports from Finland

In 2021, after four years of decline, there was significant growth in overseas shipments of gold, when their volume increased by X% to X tons. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, gold exports skyrocketed to $X in 2021. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for gold exports from Finland, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to +X%.

In value terms, Switzerland ($X) also remains the key foreign market for gold exports from Finland.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +X%.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, rising by X% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +X% per year.

Gold Imports

Imports into Finland

In 2021, overseas purchases of gold increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gold imports fell slightly to $X in 2021. Over the period under review, imports posted a measured expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2021, Switzerland (X tons) constituted the largest gold supplier to Finland, accounting for a X% share of total imports. Moreover, gold imports from Switzerland exceeded the figures recorded by the second-largest supplier, Sweden (X kg), fourfold. Singapore (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Singapore (+X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of gold to Finland, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average gold import price stood at $X per kg in 2021, which is down by -X% against the previous year. In general, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per kg in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per kg), while the price for Singapore ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the world?

Rwanda constituted the country with the largest volume of gold consumption, accounting for 48% of total volume. Moreover, gold consumption in Rwanda exceeded the figures recorded by the second-largest consumer, India, sixfold. The United Arab Emirates ranked third in terms of total consumption with a 6% share.

What are the largest producers of gold in the world?

The countries with the highest volumes of production in 2021 were the United Arab Emirates, the United States and the UK, with a combined 29% share of global production. These countries were followed by Hong Kong SAR, Peru, Russia, Argentina, South Africa, China, Australia, Thailand, Mexico and Japan, which together accounted for a further 39%.

What are the leading suppliers of gold to Finland?

In value terms, Switzerland constituted the largest supplier of gold to Finland, comprising 75% of total imports. The second position in the ranking was taken by Sweden, with a 17% share of total imports. It was followed by Germany, with a 4.8% share.

What are the leading importers of gold from Finland?

In value terms, Switzerland remains the key foreign market for gold exports from Finland.

What is the average export price for gold in Finland?

In 2021, the average gold export price amounted to $56,386 per kg, growing by 23% against the previous year.

What is the average import price for gold in Finland?

In 2021, the average gold import price amounted to $44,939 per kg, dropping by -13.2% against the previous year.

This report provides an in-depth analysis of the gold market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)

• Prodcom 24412035 -

• Prodcom 24412040 -

• Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

• Prodcom 24412070 - Monetary gold (including gold plated with platinum)

Country coverage:

• Finland

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Finland

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance