Over the past decade, the unwrought unalloyed refined copper market in Finland has exhibited significant fluctuations. After peaking in 2013, the market value has generally trended downward, declining by 23.68% year-on-year in 2013 and further plummeting by 19.81% in 2014. Despite minor recoveries in some years, such as a 14.38% increase in 2017, the overall trend points to a shrinking market. The last two years, 2022 and 2023, saw slight declines of 1.04% and 1.03%, respectively, indicating a steady but slow decrease. The average annual decline over the past five years (CAGR) is -2.27%, and projections suggest a continued decrease, with a forecasted CAGR of -0.88% through 2028.
As of 2023, the market value stood at 546.82 million euros. The forecast suggests a subtle yet consistent decline in market value, with an expected annual reduction rate of about 0.88% over the next five years. By 2028, the market value is predicted to settle at around 517.2 million euros, representing an overall decrease of 4.33% from 2024 levels.
Future trends to watch for include:
- Potential shifts in global copper demand influenced by technological advancements and industry requirements.
- Impact of geopolitical factors and trade policies on copper imports and exports.
- Emergence of alternative materials or technologies that could substitute copper, affecting market demand.
- Sustainability initiatives and recycling efforts that may alter the dynamics of raw copper demand.
