Finland: Platinum Market 2024

Platinum Market Size in Finland

In 2022, after two years of growth, there was significant decline in the Finnish platinum market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted strong growth. Platinum consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Platinum Production in Finland

In value terms, platinum production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

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Platinum Exports

Exports from Finland

In 2022, approx. X kg of platinum were exported from Finland; growing by X% against 2021 figures. Overall, exports, however, faced a significant contraction. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, platinum exports shrank notably to $X in 2022. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for platinum exports from Finland, accounting for a X% share of total exports. It was followed by Sweden (X kg), with a X% share of total exports. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Norway ($X) remains the key foreign market for platinum exports from Finland, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average platinum export price amounted to $X per kg, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per kg in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Imports

Imports into Finland

In 2022, approx. X kg of platinum were imported into Finland; which is down by X% on the previous year's figure. In general, imports saw a mild contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X kg in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, platinum imports shrank sharply to $X in 2022. Overall, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Norway (X kg) constituted the largest supplier of platinum to Finland, accounting for a X% share of total imports. Moreover, platinum imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The UK (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Norway totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Sweden (X% per year).

Import Prices by Country

The average platinum import price stood at $X per kg in 2022, which is down by X% against the previous year. Overall, the import price, however, showed a temperate expansion. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2021, and then contracted remarkably 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 Norway ($X per kg), while the price for Canada ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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