Report Update Nov 1, 2024

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

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Scandinavia: Silver Ore Market 2024

Silver Ore Market Size in Scandinavia

The Scandinavia silver ore market soared to $X in 2021, jumping by 185% against the previous year. Over the period under review, consumption, however, showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Silver Ore Production in Scandinavia

In value terms, silver ore production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep slump. The growth pace was the most rapid in 2019 with an increase of 7,342%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Silver Ore Exports

Exports in Scandinavia

In 2021, the amount of silver ores and concentrates exported in Scandinavia contracted notably to X tons, waning by -55.4% against the previous year. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 5,112%. As a result, the exports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, silver ore exports dropped dramatically to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 281%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Finland (X tons) represented the key exporter of silver ores and concentrates in Scandinavia, constituting 99.9% of total export.

Finland was also the fastest-growing in terms of the silver ores and concentrates exports, with a CAGR of +15.1% from 2012 to 2021. From 2012 to 2021, the share of Finland increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) also remains the largest silver ore supplier in Scandinavia.

In Finland, silver ore exports expanded at an average annual rate of +36.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, jumping by 42% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the export price increased by 7,378% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Finland amounted to +18.3% per year.

Silver Ore Imports

Imports in Scandinavia

In 2021, the amount of silver ores and concentrates imported in Scandinavia was estimated at X tons, increasing by 14% against the previous year's figure. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 7,389%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, silver ore imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 314% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Sweden represented the largest importing country with an import of about X tons, which reached 80% of total imports. It was distantly followed by Finland (X tons), generating a 20% share of total imports.

Imports into Sweden increased at an average annual rate of +62.0% from 2012 to 2021. At the same time, Finland (+121.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +121.9% from 2012-2021. From 2012 to 2021, the share of Sweden and Finland increased by +80 and +12 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2021.

Sweden, with a CAGR of +155.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 9.2% against the previous year. In general, the import price, however, faced a significant decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 1,754% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+57.7%).

Source: IndexBox Platform

This report provides an in-depth analysis of the silver ore market in Scandinavia. 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:

Data coverage:

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

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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
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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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023