Finland: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Finland

The Finnish semi-manufactured silver market rose slightly to $X in 2021, growing by 3.2% against the previous year. In general, consumption continues to indicate a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Semi-Manufactured Silver Production in Finland

In value terms, semi-manufactured silver production amounted to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 55% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports from Finland

In 2021, shipments abroad of silver in semi-manufactured forms was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports posted a notable increase. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, semi-manufactured silver exports soared to $X in 2021. Over the period under review, exports enjoyed prominent growth. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Estonia (X kg) and Iceland (X kg) were the main destinations of semi-manufactured silver exports from Finland, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +42.5%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Estonia ($X) and Iceland ($X) were the largest markets for semi-manufactured silver exported from Finland worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +57.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average semi-manufactured silver export price amounted to $X per ton, with an increase of 29% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Russia ($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 Germany (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Silver Imports

Imports into Finland

In 2021, approx. X tons of silver in semi-manufactured forms were imported into Finland; standing approx. at 2020 figures. Over the period under review, imports recorded a notable expansion. The growth pace was the most rapid in 2016 when imports increased by 43% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, semi-manufactured silver imports soared to $X in 2021. In general, imports, however, saw a deep slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of semi-manufactured silver imports to Finland, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +111.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of silver in semi-manufactured forms to Finland, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from Sweden totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.5% per year) and China (+194.1% per year).

Import Prices by Country

In 2021, the average semi-manufactured silver import price amounted to $X per ton, jumping by 19% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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