The sold production of precious metal ores and concentrates in Finland has experienced significant fluctuations over the past decade. Starting at 9.1655 million kilograms in 2013, the production peaked at 14.99 million kilograms in 2015. This was followed by a pronounced decline, particularly steep between 2018 and 2020. By 2023, the production settled at 6.0279 million kilograms, reflecting a substantial reduction from earlier highs.
Looking at year-on-year variations and CAGR over the past years, significant volatility can be observed: • From 2013 to 2014, there was a notable 57.99% increase. • However, from 2015 a downward trend began, culminating in a 36.31% drop in 2016. • Further contractions in 2018 (-33.18%) and 2020 (-19.89%) were followed by modest recoveries in 2019 (14.35%) and 2021 (22.04%). • By 2023, the year-on-year change was -3.65%, and the CAGR over the past five years was -0.22%.
Projections indicate a continued decline, with forecasts suggesting the production will decrease steadily, reaching 4.8551 million kilograms by 2028. The forecasted 5-year CAGR stands at -3.49%, implying an average annual reduction of 16.3% over this period.
Future trends to watch for include global market demand fluctuations, potential new mining projects or expansions, technological advancements in ore extraction and processing, and environmental regulations that may impact production capabilities and costs.
