Report Update Nov 1, 2024

Finland - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Silver Market 2024

Silver Market Size in Finland

The Finnish silver market skyrocketed to $X in 2021, increasing by 41% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable contraction. Silver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silver Production in Finland

In value terms, silver production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decline. Silver production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silver Exports

Exports from Finland

In 2021, after four years of decline, there was significant growth in shipments abroad of silver including silver plated with gold or platinum, when their volume increased by 186% to X tons. Over the period under review, exports showed a tangible increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver exports surged to $X in 2021. Overall, exports showed a strong expansion. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Estonia (X kg) and Iceland (X kg) were the main destinations of silver exports from Finland, together accounting for 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) appeared to be the largest markets for silver exported from Finland worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +57.0%, saw 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

The average silver export price stood at $X per ton in 2021, picking up by 29% against the previous year. In general, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 60%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: 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.

Silver Imports

Imports into Finland

In 2021, supplies from abroad of silver including silver plated with gold or platinum increased by 7.5% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 73%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, silver imports surged to $X in 2021. Over the period under review, imports, however, showed a perceptible descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), China (X tons) and Germany (X tons) were the main suppliers of silver imports to Finland, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +83.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Finland, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total imports. It was followed by Spain, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.9% per year) and Spain (+8.7% per year).

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, rising by 12% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 51% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver including silver plated with gold or platinum in the world?

The countries with the highest volumes of silver consumption in 2020 were China, the United States and Canada, with a combined 29% share of global consumption.

What are the largest producers of silver including silver plated with gold or platinum in the world?

The country with the largest volume of silver production was China, comprising approx. 19% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

What are the leading suppliers of silver including silver plated with gold or platinum to Finland?

In value terms, Sweden constituted the largest supplier of silver to Finland, comprising 63% of total imports. The second position in the ranking was occupied by Germany, with a 17% share of total imports. It was followed by India, with a 3.2% share.

What are the leading importers of silver including silver plated with gold or platinum from Finland?

In value terms, Estonia remains the key foreign market for silver exports from Finland, comprising 76% of total exports. The second position in the ranking was occupied by Iceland, with a 22% share of total exports.

What is the average export price for silver including silver plated with gold or platinum in Finland?

In 2020, the average silver export price amounted to $709,632 per ton, growing by 15% against the previous year.

What is the average import price for silver including silver plated with gold or platinum in Finland?

The average silver import price stood at $348,765 per ton in 2020, rising by 26% against the previous year.

This report provides an in-depth analysis of the silver market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023