Report Finland - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 3, 2023

Finland - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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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.

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 precious metal ores and concentrates in the world?
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The country with the largest volume of precious metal ore and concentrate consumption was China, comprising approx. 30% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sevenfold. The third position in this ranking was held by Kyrgyzstan, with a 4.3% share.
What are the largest producers of precious metal ores and concentrates in the world?
+
The countries with the highest volumes of production in 2021 were Kyrgyzstan, Peru and Australia, with a combined 20% share of global production. These countries were followed by Russia, the United States, Brazil, India, Indonesia, Pakistan, Mexico, Bangladesh, Ecuador and Turkey, which together accounted for a further 37%.
What are the leading suppliers of precious metal ores and concentrates to Finland?
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In value terms, Ecuador 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, with an 11% share of total imports. It was followed by Papua New Guinea, with a 7.6% share.
What are the leading importers of precious metal ores and concentrates from Finland?
+
In value terms, Sweden 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 taken by Belgium, with a 0.3% share of total exports.
What is the average export price for precious metal ores and concentrates in Finland?
+
In 2021, the average export price for precious metal ores and concentrates amounted to $32,934 per ton, surging by 91% against the previous year.
What is the average import price for precious metal ores and concentrates in Finland?
+
In 2021, the average import price for precious metal ores and concentrates amounted to $5,381 per ton, with a decrease of -6.8% against the previous year.

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.


Product coverage:
• Prodcom 07291400 - Precious metal ores and concentrates
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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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