The sold production of unwrought refined copper and copper alloys in Finland experienced fluctuations over the years. From 2013 to 2018, there was a general upward trend, peaking at 186.48 million kilograms in 2018. However, a notable decline occurred in 2019 with production dropping to 154.36 million kilograms. Recovery was observed in 2020 and 2021, but 2022 saw another dip. As of 2023, production marginally increased to 175.61 million kilograms, indicating a stabilization in recent performances.
Year-on-year variations were significant: -17.22% in 2019 followed by a 12.4% rebound in 2020 and 8.06% growth in 2021. Nonetheless, a decrease of -6.79% in 2022 and a slight increase of 0.49% in 2023 highlight the ongoing volatility in yearly production. The compound annual growth rate (CAGR) over the last five years (2019-2023) stood at -1.19%, reflecting overall negative growth during this period.
Forecast data indicates a stable but modest growth in the upcoming years, with production reaching 179.77 million kilograms by 2028, representing a forecast CAGR of 0.37%. This suggests a gradual increase, with the forecasted 5-year growth rate at 1.88%.
Future trends to monitor include external market conditions such as demand from key industries, technological advancements in copper production, and potential policy changes affecting copper mining and exportation. Environmental regulations and sustainable practices could also play a significant role in shaping future production trends.
