Finland: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Finland

In 2021, the Finnish copper ores and concentrates market increased by 20% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Copper Ores And Concentrates in Finland

In value terms, copper ores and concentrates production declined to $X in 2021 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 75%. Copper ores and concentrates production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Copper Ores And Concentrates

Exports from Finland

In 2021, exports of copper ores and concentrates from Finland skyrocketed to X tons, growing by 63% compared with 2020 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 25,128,725% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper ores and concentrates exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 18,141,094% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of copper ores and concentrates exports from Finland, together accounting for 99.9% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +45.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Belgium ($X) and Germany ($X) were the largest markets for copper ores and concentrates exported from Finland worldwide, together accounting for 99.9% of total exports.

Sweden, with a CAGR of +69.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 copper ores and concentrates export price stood at $X per ton in 2021, picking up by 58% against the previous year. Over the period under review, the export price, however, faced a sharp shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 629%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+16.0%).

Imports of Copper Ores And Concentrates

Imports into Finland

In 2021, purchases abroad of copper ores and concentrates increased by 1.6% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, copper ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons), Portugal (X tons) and Brazil (X tons) were the main suppliers of copper ores and concentrates imports to Finland, together comprising 61% of total imports. Peru, Spain, Australia and Canada lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +67.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Portugal ($X) and Brazil ($X) appeared to be the largest copper ores and concentrates suppliers to Finland, with a combined 56% share of total imports. These countries were followed by Australia, Canada, Peru and Spain, which together accounted for a further 39%.

Among the main suppliers, Australia, with a CAGR of +70.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2021, surging by 40% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper ores and concentrates import price increased by +99.9% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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