The Finnish unwrought refined copper and copper alloys market has experienced fluctuations over the past decade. After peaking in 2013, the market value saw a significant decline in 2014 by 22.37%, then continued to stabilize with only minor year-on-year changes until a revival in 2017 with a 14.81% rise. From 2018, the situation was mixed as declines alternated with growth, notably a substantial drop of 16.68% in 2020, followed by a rebound in 2021 at 19.2%. By 2023, the market value stood at 556.42 million euros, reflecting a modest 1.04% decrease from the previous year. Over the past five years, the compound annual growth rate (CAGR) presents an average yearly decrease of 2.28%. Forecasts suggest a continued downward trend with a projected 5-year CAGR of -0.89%, translating to an overall market contraction of 4.39% by 2028.
Future trends to watch for include potential impacts from global copper supply chain disruptions, technological advancements in copper production, shifts towards renewable energy requiring copper, and economic policies affecting trade and industry. These factors could either mitigate the downward trajectory or exacerbate market shrinkage.
