Denmark: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in Denmark

In 2022, the Danish hot-rolled bearing steel bar market increased by 23% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.0% against 2020 indices. Hot-rolled bearing steel bar consumption peaked in 2022 and is likely to see steady growth in the near future.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Denmark

After two years of growth, shipments abroad of hot-rolled bars in bearing steels decreased by -3.9% to X tons in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 130% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, hot-rolled bearing steel bar exports reduced markedly to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Iceland (X tons) was the main destination for hot-rolled bearing steel bar exports from Denmark, accounting for a 50% share of total exports. Moreover, hot-rolled bearing steel bar exports to Iceland exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by the Czech Republic (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Iceland amounted to +159.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+75.7% per year) and the Czech Republic (+44.8% per year).

In value terms, Iceland ($X), Poland ($X) and Norway ($X) appeared to be the largest markets for hot-rolled bearing steel bar exported from Denmark worldwide, together accounting for 79% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +90.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2022, dropping by -19.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 53%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($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 the Czech Republic (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Denmark

In 2022, purchases abroad of hot-rolled bars in bearing steels increased by 4.7% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 44%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hot-rolled bearing steel bar imports soared to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Denmark, together accounting for 52% of total imports. Spain, Finland, the Netherlands, the Czech Republic and France lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Spain ($X) appeared to be the largest hot-rolled bearing steel bar suppliers to Denmark, together accounting for 57% of total imports. Finland, Poland, the Netherlands, the Czech Republic and France lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Finland, with a CAGR of +41.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hot-rolled bearing steel bar import price amounted to $X per ton, growing by 20% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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