
Finland - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Finland: Market for Precious Metal Ores And Concentrates 2023
Market Size for Precious Metal Ores And Concentrates in Finland
For the fourth consecutive year, the Finnish market for precious metal ores and concentrates recorded growth in sales value, which increased by 79% to $X in 2021. In general, consumption posted significant growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.
Production of Precious Metal Ores And Concentrates in Finland
In value terms, precious metal ore and concentrate production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. As a result, production reached the peak level of $X, and then contracted in the following year.
Exports of Precious Metal Ores And Concentrates
Exports from Finland
Precious metal ore and concentrate exports from Finland expanded notably to X tons in 2021, with an increase of 11% on 2020 figures. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 330%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
In value terms, precious metal ore and concentrate exports surged to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 363% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.
Exports by Country
Sweden (X tons) was the main destination for precious metal ore and concentrate exports from Finland, accounting for a 99% share of total exports. It was followed by Belgium (X tons), with a 1% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +37.2%.
In value terms, Sweden ($X) remains the key foreign market for precious metal ore and concentrate exports from Finland, comprising 20% of total exports. The second position in the ranking was held by Belgium ($X), with a 0.3% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +40.9%.
Export Prices by Country
The average export price for precious metal ores and concentrates stood at $X per ton in 2021, increasing by 91% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 173% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Sweden totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.7%).
Imports of Precious Metal Ores And Concentrates
Imports into Finland
In 2021, overseas purchases of precious metal ores and concentrates increased by 86% to X tons, rising for the fourth consecutive year after five years of decline. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 11,146% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, precious metal ore and concentrate imports soared to $X in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 4,223% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.
Imports by Country
In 2021, Ecuador (X tons) constituted the largest supplier of precious metal ore and concentrate to Finland, accounting for a 76% share of total imports. Moreover, precious metal ore and concentrate imports from Ecuador exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), eightfold. Papua New Guinea (X tons) ranked third in terms of total imports with a 5.2% share.
From 2012 to 2021, the average annual growth rate of volume from Ecuador totaled +16,616.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (0.0% per year) and Papua New Guinea (0.0% per year).
In value terms, Ecuador ($X) constituted the largest supplier of precious metal ore and concentrate to Finland, comprising 70% of total imports. The second position in the ranking was held by Tanzania ($X), with an 11% share of total imports. It was followed by Papua New Guinea, with a 7.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Ecuador stood at +194.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (0.0% per year) and Papua New Guinea (0.0% per year).
Import Prices by Country
The average import price for precious metal ores and concentrates stood at $X per ton in 2021, with a decrease of -6.8% against the previous year. Overall, the import price, however, showed strong growth. The growth pace was the most rapid in 2013 when the average import price increased by 293% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+51.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for precious metal ore and concentrate 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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