The precious metals turnover in Finland has exhibited significant fluctuations over the years. From a high of 7.4 million euros in 2014, the market saw a sharp decline to 4.5 million euros in 2015, followed by a steady recovery, reaching 17.9 million euros in 2018. By 2020, the turnover surged to 33.7 million euros, continuing its upward trend to 48.1 million euros in 2023. Year-on-year variations over the last two years showed a deceleration, with 11.87% growth in 2022 and 8.58% in 2023. The CAGR over the last five years stood at an impressive 21.86%.
Looking ahead, the market is expected to grow moderately with forecasted turnovers reaching 58.3 million euros by 2028. The forecasted 5-year CAGR is 2.63%, indicating a slower growth phase compared to the previous robust expansion.
Future trends to watch for include:
- Technological advancements in precious metals extraction and processing.
- Shifts in global economic stability affecting investment behaviors.
- Environmental regulations and sustainability practices impacting supply chains.
- Emerging alternative investment opportunities potentially diverting interest from precious metals.
