Finland: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Finland

The Finnish colloidal precious metals market totaled $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Finland

In 2022, the amount of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exported from Finland contracted notably to X kg, shrinking by X% on the year before. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, colloidal precious metals exports contracted notably to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Turkey (X kg) was the main destination for colloidal precious metals exports from Finland, with a X% share of total exports. Moreover, colloidal precious metals exports to Turkey exceeded the volume sent to the second major destination, Estonia (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Belarus (X% per year).

In value terms, Estonia ($X), Turkey ($X) and Belarus ($X) appeared to be the largest markets for colloidal precious metals exported from Finland worldwide, with a combined X% share of total exports.

Turkey, with a CAGR of X%, recorded 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

In 2022, the average colloidal precious metals export price amounted to $X per kg, with an increase of X% against the previous year. In general, the export price showed a slight expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per kg), while the average price for exports to Belarus ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Colloidal Precious Metals Imports

Imports into Finland

In 2022, the amount of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) imported into Finland fell remarkably to X tons, declining by X% compared with the year before. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, colloidal precious metals imports shrank notably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest colloidal precious metals supplier to Finland, accounting for a X% share of total imports. Moreover, colloidal precious metals imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X kg), fourfold. The third position in this ranking was taken by the UK (X kg), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) to Finland, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany 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

In 2022, the average colloidal precious metals import price amounted to $X per kg, which is down by X% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2019; however, from 2020 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 the UK ($X per kg), while the price for Ireland ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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