Jewellery and precious metal wares market in Finland

Earlier Report Observations

The jewellery and precious metal wares market in Finland, measured in value, showed a volatile trajectory from 2018 to 2024. Starting at 48.5 million US dollars, the market contracted over the next two years, falling to 44.4 million US dollars by 2020.

A strong rebound of 20.6% in 2021 pushed the market value to 53.5 million US dollars. This was followed by a slight dip in 2022 and then moderate growth in the final two years, reaching 53.5 million US dollars in 2024.

Domestic production mirrored this volatility, while import values rose consistently from 2021 onward, contributing to the overall market expansion during the latter part of the period.

Production jewellery and precious metal wares in Finland

In value, 2017-2020, K $ US

Finland's jewellery and precious metal wares production declined for the second consecutive year. In 2020, output was valued at 30 086 K $ US, remaining virtually unchanged compared to 2019. Over the period from 2017 to 2020, production decreased by 9%, with a compound annual growth rate of 3.1%. The peak value was recorded in 2018 at 33 867 K $ US. The largest decline occurred in 2019, dropping by 10.8%, while the largest increase was seen in 2018, rising by 2.4%.

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

Exports jewellery and precious metal wares from Finland

Exports in kind, kg

Finland's exports of jewellery and precious metal wares increased for the second consecutive year. In 2020, exports totalled 1 841 kg, marking a solid rise of 17.5% compared to the previous year. From 2017 to 2020, exports grew by 3.8%, with a compound annual growth rate of 1.3%. The lowest volume was recorded in 2018 at 1 565 kg, which also saw the largest decline of 11.7%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, kg

From 2017 to 2020, Estonia, Sweden, and South Korea remained the top buyers of jewellery and precious metal wares from Finland. Estonia accounted for 59.1% of exports in kind, Sweden for 8.5%, and South Korea for 8.2%. Together, these three countries represented 75.8% of total exports in kind.

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

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

Exports in value, K $ US

Finland's exports of jewellery and precious metal wares increased for the third consecutive year. In 2020, exports were recorded at 5 069 K $ US, showing a slight uptick of 2.7% year-over-year. Between 2017 and 2020, exports rose by 18.3%, equating to an annualized growth rate of 5.7%.

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

From 2017 to 2020, Estonia, Sweden, and Germany stood out as the main markets for Finland's jewellery and precious metal wares exports in value terms. Estonia contributed 47.7% of exports in value, Sweden 9.1%, and Germany 8.2%. Collectively, these three countries accounted for 65.1% of total export flows.

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

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

Imports jewellery and precious metal wares to Finland

Imports in kind, kg

Finland's imports of jewellery and precious metal wares increased for the second consecutive year. In 2020, imports totalled 10 234 kg, up by 11.0% relative to the prior year. However, between 2017 and 2020, imports decreased by 13.9%, with an annualized decline rate of 4.9%. The lowest volume was recorded in 2018 at 8 814 kg, which also experienced the largest decline of 25.9%.

Annual dynamics of product's imports to Finland in kind, 2017-2020, kg

From 2017 to 2020, imports in kind of jewellery and precious metal wares to Finland were characterised by a broad spread across markets. China led with 18.9% of imports in kind, followed by Thailand at 12.5%, and Sweden at 11.3%. Together, these three countries accounted for only 42.7% of total import flows.

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

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

Imports in value, K $ US

After a two-year uptick, Finland's imports of jewellery and precious metal wares declined. In 2020, imports stood at 19 382 K $ US, which is 1.0% less than the previous year. Between 2017 and 2020, imports increased by 2.2%, with an annualized growth rate of 0.7%. The peak value was recorded in 2019 at 19 568 K $ US, which also saw the largest increase of 1.8%.

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

From 2017 to 2020, imports in value terms of jewellery and precious metal wares to Finland relied on a wide range of partner countries. India accounted for 18.0% of imports in value, Italy for 13.9%, and Germany for 11.8%. Together, these three countries represented just 43.7% of total import flows.

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

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