Forecast: Export of Iron Ores and Concentrates from Finland

The forecast for the export of iron ores and concentrates from Finland indicates a consistent decline from 2024 to 2028. In 2023, the value stood at 13.44 million USD. For 2024, the value is expected to be 12.664 million USD, showing a year-on-year decline of 5.78%. This downward trend continues into the subsequent years: 2025 at 11.863 million USD (a 6.32% drop from 2024), 2026 at 11.078 million USD (a 6.63% decline from 2025), 2027 at 10.309 million USD (a 6.94% decrease from 2026), and 2028 at 9.5557 million USD (a 7.31% reduction from 2027). The Compound Annual Growth Rate (CAGR) over the five-year period is -7.01%, reflecting a significant average annual decline.

Future trends to watch for include potential disruptions in global supply chains, fluctuations in demand from major iron ore importing countries such as China, and any shifts in trade policies or tariffs. Additionally, environmental regulations and advancements in alternative materials may further impact the export volumes and values.

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