Finland: Pyrites Market 2024

Pyrites Market Size in Finland

The Finnish pyrites market stood at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption showed pronounced growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pyrites Production in Finland

In value terms, pyrites production reached $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pyrites Exports

Exports from Finland

In 2022, the amount of pyrites exported from Finland was estimated at X tons, stabilizing at the previous year. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 77%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, pyrites exports contracted remarkably to $X in 2022. In general, exports, however, saw a sharp curtailment. The growth pace was the most rapid in 2014 with an increase of 43%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for pyrites exports from Finland, with a 92% share of total exports. Moreover, pyrites exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+44.9% per year) and Germany (-54.2% per year).

In value terms, the United States ($X) remains the key foreign market for pyrites exports from Finland, comprising 99% of total exports. The second position in the ranking was taken by Sweden ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.2% per year) and Germany (-47.4% per year).

Export Prices by Country

The average pyrites export price stood at $X per ton in 2022, dropping by -53.7% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($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 (+14.9%), while the prices for the other major destinations experienced a decline.

Pyrites Imports

Imports into Finland

In 2022, imports of pyrites into Finland surged to X tons, with an increase of 67% compared with the previous year. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 160%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pyrites imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 143%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of pyrites imports to Finland, with a combined 100% share of total imports. Moreover, pyrites imports in Sweden exceeded the figures recorded by the second-largest supplier, Austria, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +81.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), Sweden ($X) and Italy ($X) constituted the largest pyrites suppliers to Finland, with a combined 100% share of total imports.

Sweden, with a CAGR of +188.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average pyrites import price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 66%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+61.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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