Denmark: Base Metal Hook Market 2025

Base Metal Hook Market Size in Denmark

The Danish base metal hook market contracted rapidly to $X in 2022, which is down by -31.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a noticeable setback. Base metal hook consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Base Metal Hook Exports

Exports from Denmark

For the third year in a row, Denmark recorded growth in shipments abroad of base metal hooks, eyes and eyelets, which increased by 31% to X tons in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 78%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, base metal hook exports totaled $X in 2022. In general, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons), Thailand (X tons) and Norway (X tons) were the main destinations of base metal hook exports from Denmark, together accounting for 39% of total exports. France, Bulgaria, the United States, Germany, the Netherlands, the UK, Canada, Finland, Faroe Islands and Spain lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +99.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal hook exported from Denmark were Thailand ($X), Sweden ($X) and the United States ($X), with a combined 41% share of total exports. Canada, Norway, Germany, the UK, Bulgaria, Faroe Islands, the Netherlands, France, Finland and Spain lagged somewhat behind, together accounting for a further 46%.

Canada, with a CAGR of +72.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal hook export price stood at $X per ton in 2022, with a decrease of -13% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Hook Imports

Imports into Denmark

In 2022, approx. X tons of base metal hooks, eyes and eyelets were imported into Denmark; waning by -11.8% against 2021 figures. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.3% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 95% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal hook imports fell to $X in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal hook to Denmark, with a 73% share of total imports. Moreover, base metal hook imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and Taiwan (Chinese) (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of base metal hooks, eyes and eyelets to Denmark, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Sweden, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.2% per year) and Sweden (+2.3% per year).

Import Prices by Country

The average base metal hook import price stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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