Report Update Nov 1, 2024

Finland - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Silver Ore Market 2024

Silver Ore Market Size in Finland

The Finnish silver ore market soared to $X in 2021, growing by 1,312% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Silver ore consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silver Ore Production in Finland

In value terms, silver ore production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7.1%. Silver ore production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silver Ore Exports

Exports from Finland

In 2021, silver ore exports from Finland dropped rapidly to X tons, waning by -55.5% against the previous year. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 387,064% against the previous year. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, silver ore exports dropped markedly to $X in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 300% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for silver ore exports from Finland, accounting for a 96% share of total exports. Moreover, silver ore exports to Sweden exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2014 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +62.3%.

In value terms, Sweden ($X) remains the key foreign market for silver ore exports from Finland, comprising 96% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.2% share of total exports.

From 2014 to 2021, the average annual growth rate of value to Sweden totaled +107.7%.

Export Prices by Country

The average silver ore export price stood at $X per kg in 2021, surging by 42% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2019 when the average export price increased by 563,529%. As a result, the export price attained the peak level of $X per kg. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Sweden ($X per kg), while the average price for exports to Belgium amounted to $X per kg.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+32.6%).

Silver Ore Imports

Imports into Finland

In 2021, purchases abroad of silver ores and concentrates increased by 102% to X tons, rising for the third consecutive year after two years of decline. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 913% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, silver ore imports soared to $X in 2021. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 293% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Morocco (X tons) constituted the largest silver ore supplier to Finland, with a 75% share of total imports. Moreover, silver ore imports from Morocco exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Morocco amounted to +496.9%.

In value terms, the largest silver ore suppliers to Finland were Mexico ($X) and Morocco ($X).

Morocco, with a CAGR of +434.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, shrinking by -42.8% against the previous year. Overall, the import price showed a dramatic decrease. The pace of growth was the most pronounced in 2014 when the average import price decreased by -3.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Morocco totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+12.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver ores and concentrates in the world?

The country with the largest volume of silver ore consumption was China, accounting for 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.9% share.

What are the largest producers of silver ores and concentrates in the world?

Peru remains the largest silver ore producing country worldwide, accounting for 46% of total volume. Moreover, silver ore production in Peru exceeded the figures recorded by the second-largest producer, Russia, threefold. South Africa ranked third in terms of total production with a 12% share.

What are the leading suppliers of silver ores and concentrates to Finland?

In value terms, the largest silver ore suppliers to Finland were Mexico and Morocco.

What are the leading importers of silver ores and concentrates from Finland?

In value terms, Sweden remains the key foreign market for silver ore exports from Finland, comprising 96% of total exports. The second position in the ranking was occupied by Belgium, with a 4.2% share of total exports.

What is the average export price for silver ores and concentrates in Finland?

The average silver ore export price stood at $8,899 per ton in 2021, picking up by 13% against the previous year.

What is the average import price for silver ores and concentrates in Finland?

The average silver ore import price stood at $9,399 per ton in 2021, picking up by 33% against the previous year.

This report provides an in-depth analysis of the silver ore 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 07291410 -

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
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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
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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