The Finnish unwrought non-alloy zinc market reached a volume of 52.205 million kilograms in 2023. Over the past decade, the market has seen fluctuations with a mix of growth periods and contractions. Notably, between 2018 and 2023, the compound annual growth rate (CAGR) was mildly negative, reflecting a relatively stable but slightly declining market. The year-on-year growth from 2021 to 2023 showed a consistent yet modest increase, indicating a period of stabilization compared to the volatility observed in earlier years.
Future trends to watch for:
- Global economic conditions affecting zinc demand and prices
- Technological advancements in zinc production and applications
- Environmental regulations impacting zinc mining and usage
- Shifts in downstream industries that utilize zinc, such as galvanization and alloy manufacturing