Finland: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Finland

In 2022, the Finnish semi-manufactured silver market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Silver Production in Finland

In value terms, semi-manufactured silver production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Semi-manufactured silver production peaked in 2022 and is expected to retain growth in the immediate term.

Semi-Manufactured Silver Exports

Exports from Finland

In 2022, shipments abroad of silver in semi-manufactured forms increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports rose remarkably to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons), Germany (X tons) and Poland (X kg) were the main destinations of semi-manufactured silver exports from Finland, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semi-manufactured silver exported from Finland were Estonia ($X), Germany ($X) and Iceland ($X), with a combined X% share of total exports. Poland and Russia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X,727 per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

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

Semi-Manufactured Silver Imports

Imports into Finland

In 2022, semi-manufactured silver imports into Finland expanded modestly to X tons, increasing by X% on the previous year. Over the period under review, imports recorded a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, semi-manufactured silver imports contracted to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of semi-manufactured silver imports to Finland, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average semi-manufactured silver import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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