Finland: Zinc Market 2024

Zinc Market Size in Finland

The Finnish zinc market fell rapidly to $X in 2022, which is down by -65.8% against the previous year. In general, consumption showed a abrupt decline. Zinc consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Zinc Production in Finland

In value terms, zinc production soared to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decrease. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Zinc Exports

Exports from Finland

Zinc exports from Finland surged to X tons in 2022, growing by 20% against 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, zinc exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 36%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Poland (X tons) were the main destinations of zinc exports from Finland, with a combined 72% share of total exports. Slovakia, Belgium, France, Sweden and Slovenia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Poland ($X) constituted the largest markets for zinc exported from Finland worldwide, together comprising 68% of total exports. Slovakia, Belgium, France, Sweden and Slovenia lagged somewhat behind, together accounting for a further 19%.

France, with a CAGR of +33.9%, saw the highest growth rate of 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 zinc export price stood at $X per ton in 2022, rising by 2.1% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc export price increased by +23.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and France ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Finland

In 2022, supplies from abroad of zinc, unwrought (not alloyed) decreased by -73.2% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2015 with an increase of 398%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, zinc imports surged to $X in 2022. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 247%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest zinc supplier to Finland, with a 58% share of total imports. Moreover, zinc imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was taken by Thailand (X kg), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+28.0% per year) and Thailand (0.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of zinc, unwrought (not alloyed) to Finland, comprising 49% of total imports. The second position in the ranking was held by Peru ($X), with a 22% share of total imports. It was followed by Sweden, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+44.8% per year) and Sweden (+34.3% per year).

Import Prices by Country

The average zinc import price stood at $X per ton in 2022, jumping by 622% against the previous year. Over the period under review, the import price recorded a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+586.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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