Sweden: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Sweden

In 2022, the Swedish market for precious metal ores and concentrates decreased by -3.2% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, enjoyed a significant expansion. Precious metal ore and concentrate consumption peaked at $X in 2021, and then declined slightly in the following year.

Production of Precious Metal Ores And Concentrates in Sweden

In value terms, precious metal ore and concentrate production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 76% against the previous year. Precious metal ore and concentrate production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Precious Metal Ores And Concentrates

Exports from Sweden

Precious metal ore and concentrate exports from Sweden rose markedly to X tons in 2022, increasing by 7.6% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 28%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for precious metal ore and concentrate exports from Sweden, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) also remains the key foreign market for precious metal ores and concentrates exports from Sweden.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -1.8%.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, dropping by -19.5% against the previous year. Overall, the export price showed a mild descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -1.8% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Sweden

Precious metal ore and concentrate imports into Sweden reduced to X tons in 2022, approximately mirroring the year before. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 370% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports declined to $X in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 553,139%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of precious metal ore and concentrate to Sweden, accounting for a 88% share of total imports. Moreover, precious metal ore and concentrate imports from Finland exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland stood at +25.0%.

In value terms, Finland ($X) constituted the largest supplier of precious metal ores and concentrates to Sweden, comprising 91% of total imports. The second position in the ranking was held by Tanzania ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland stood at +36.9%.

Import Prices by Country

In 2022, the average import price for precious metal ores and concentrates amounted to $X per ton, waning by -7.3% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Tanzania stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+9.5%).

Source: IndexBox Platform

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