Market research

Copper ores and concentrates market in Finland

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for copper ores and concentrates in Finland saw significant growth in both volume and value between 2018 and 2022. Market volume increased from 445 thousand tonnes to 568.4 thousand tonnes, while the market value expanded more sharply from 818 million USD to 1 248 million USD, indicating a rise in average prices over the period.

This expansion occurred alongside a steep decline in domestic production, which fell from 109.5 thousand tonnes to 33.6 thousand tonnes. The market growth was fueled by higher imports, which reached 589.9 thousand tonnes in 2022, and by a reduction in exports, which dropped notably after 2018. The value of imports peaked at 1 152 million USD in 2022, underscoring the market's increasing reliance on foreign supply.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2018-2020, 2022
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2018-2020, 2022
2. 4.2. In value
  1. 4.2.1. Production, 2018-2020, 2022
  2. 4.2.2. Imports, 2018-2024
  3. 4.2.3. Exports, 2018-2024
  4. 4.2.4. Market size, 2018-2020, 2022
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2020, 2022, K t
  2. 5.1.2. In value, 2018-2020, 2022, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K t
  2. 5.2.2. In value, 2018-2024, M $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, K $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, K $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, K $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, K $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, K $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, K $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, K $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, K $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, K $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, K $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, K $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, K $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production copper ores and concentrates in Finland

In value, 2017-2020, M $ US

After two consecutive years of decline, Finland's copper ores and concentrates production rebounded in value terms. In 2020, output reached 193.8 million US dollars, marking a 16.0% increase compared to 2019. However, over the broader period from 2017 to 2020, production value fell by 34.3%, with a compound annual growth rate of -13.1%. The lowest point was recorded in 2019 at 167.1 million US dollars, which also saw the sharpest decline of 37.4%.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.5%)	(37.4%)	16.0%	(13.1%)

Source: SHEV.io

In kind, 2017-2020, K t

Finland's copper ores and concentrates production volume continued to decline for the third year in a row. In 2020, output stood at 47.4 thousand tonnes, representing a 12.8% decrease from 2019. From 2017 to 2020, production volume dropped by 63.1%, with a compound annual growth rate of -28.3%.

Annual dynamics of production in Finland in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(14.9%)	(50.3%)	(12.8%)	(28.3%)

Source: SHEV.io

Exports copper ores and concentrates from Finland

Exports in kind, K t

The market showed an unstable trend during the period. Finland's exports of copper ores and concentrates in kind reached 63.4 thousand tonnes in 2020, a significant increase compared to the previous year. The lowest value was recorded in 2019 at 0.0 thousand tonnes, while the peak occurred in 2018 at 105.0 thousand tonnes. The most substantial decline of 100.0% was observed in 2019.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.3%	(100.0%)	93 213 891.2%	(12.4%)

Source: SHEV.io

From 2017 to 2020, Sweden and Germany were the two leading destinations for Finland's copper ores and concentrates exports in kind, together accounting for 100.0% of the total.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, Finland's copper ores and concentrates exports in value terms amounted to 105.8 million US dollars, showing a solid gain of 13.5% year-over-year. However, between 2017 and 2020, exports decreased by 31.9%, equating to an annualized rate of -12.0%. The minimum value was 93.2 million US dollars in 2019, while the maximum was 167.2 million US dollars in 2018. The largest decline of 44.2% occurred in 2019.

Annual dynamics of product's exports from Finland in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.6%	(44.2%)	13.5%	(12.0%)

Source: SHEV.io

Over the period 2017–2020, Sweden and Germany dominated Finland's copper ores and concentrates exports in value terms, jointly capturing 100.0% of the total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in value, 2017-2020

Source: SHEV.io

Imports copper ores and concentrates to Finland

Imports in kind, K t

After two years of decline, Finland's imports of copper ores and concentrates in kind increased. In 2020, import volume reached 529.0 thousand tonnes, equivalent to a steep advance of 53.6% compared to 2019. From 2017 to 2020, imports grew by 19.2%, with a compound annual growth rate of 6.0%. The lowest value was recorded in 2019 at 344.3 thousand tonnes, which also saw the largest decline of 21.8%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.8%)	(21.8%)	53.6%	6.0%

Source: SHEV.io

From 2017 to 2020, Chile, Portugal, and Canada were the principal sources for Finland's copper ores and concentrates imports in kind, accounting for 25.4%, 19.3%, and 17.3% of imports, respectively. Together, they made up 62.0% of the total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Following a two-year reduction, Finland's imports of copper ores and concentrates in value terms increased. In 2020, imports totalled 910.5 million US dollars, which is 32.2% higher than in 2019. Between 2017 and 2020, imports rose by 25.7%, equating to an annualized rate of 7.9%. The minimum value was 688.6 million US dollars in 2019, which also experienced the largest decline of 4.1%.

Annual dynamics of product's imports to Finland in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.8%)	(4.1%)	32.2%	7.9%

Source: SHEV.io

Throughout 2017–2020, Chile, Canada, and Portugal formed the core of Finland's copper ores and concentrates imports in value terms, contributing 22.7%, 20.5%, and 17.5% of imports, respectively. Together, they accounted for 60.7% of the total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in value, 2017-2020

Source: SHEV.io