Denmark: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Denmark

In 2021, the Danish market for raw steel and steel semi-finished products was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Raw Steel And Steel Semi-Finished Products in Denmark

In value terms, production of raw steel and steel semi-finished products soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 10,857%. Production of peaked in 2021 and is expected to retain growth in years to come.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Denmark

In 2021, after two years of decline, there was significant growth in shipments abroad of raw steel and steel semi-finished products, when their volume increased by 36% to X tons. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products soared to $X in 2021. In general, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +110.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 47%. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Slovakia (X tons) and Sweden (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Denmark, together accounting for 78% of total exports. These countries were followed by Poland, Spain, Finland, Italy, France and Norway, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +53.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Poland ($X) constituted the largest markets for raw steel and steel semi-finished products exported from Denmark worldwide, with a combined 65% share of total exports. Sweden, Italy, Spain, Norway, France and Finland lagged somewhat behind, together comprising a further 21%.

Finland, with a CAGR of +30.4%, saw the highest growth rate of 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 export price for raw steel and steel semi-finished products stood at $X per ton in 2021, rising by 5.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Denmark

In 2021, purchases abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 30%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2021. In general, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the main supplier of raw steel and steel semi-finished products to Denmark, accounting for a 95% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Russia exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +9.3%.

In value terms, Russia ($X) constituted the largest supplier of raw steel and steel semi-finished products to Denmark, comprising 92% of total imports. The second position in the ranking was taken by Norway ($X), with a 4.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +12.5%.

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2021, jumping by 59% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Norway ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+4.9%).

Source: IndexBox Platform

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