The primary smelter production of copper in Finland has experienced a general downward trend from 2013 to 2023, with noticeable fluctuations. In 2023, the production stood at 145.0 thousand metric tons. The year-on-year changes illustrate this decline, particularly underlined by significant drops in 2016 and 2020. The past five years’ CAGR shows a decrease of -0.68%, indicating a consistent reduction in production volumes.
Future outlook suggests a continued decline in copper production, with a forecasted CAGR of -0.57% over the next five years. Producers should be prepared for ongoing decreases, although these declines are expected to be relatively moderate.
Trends to watch for:
- Potential technological advancements in smelting efficiency
- Environmental regulations influencing production levels
- Market demand shifts due to changes in the global economy
- Alternative metal production competing with copper
- Fluctuations in copper ore availability and quality.
