Denmark: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Denmark

In 2022, the Danish concrete reinforcing bar market decreased by -6.3% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Concrete Reinforcing Bar Production in Denmark

In value terms, concrete reinforcing bar production fell markedly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36,766% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from Denmark

In 2022, approx. X tons of concrete reinforcing bars were exported from Denmark; reducing by -6.3% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports skyrocketed to $X in 2022. In general, exports recorded a slight reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 31% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of concrete reinforcing bar exports from Denmark, together comprising 65% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Norway ($X) and Sweden ($X) constituted the largest markets for concrete reinforcing bar exported from Denmark worldwide, with a combined 60% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +23.7%, recorded the highest growth rate of 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

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, with an increase of 24% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +55.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Norway ($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 Poland (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Denmark

After three years of growth, supplies from abroad of concrete reinforcing bars decreased by -17.6% to X tons in 2022. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, concrete reinforcing bar imports dropped to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Norway (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of concrete reinforcing bar imports to Denmark, with a combined 78% share of total imports. Spain, Sweden, Italy and Finland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Germany ($X) and Poland ($X) were the largest concrete reinforcing bar suppliers to Denmark, with a combined 77% share of total imports. Spain, Sweden, Italy and Finland lagged somewhat behind, together comprising a further 17%.

Spain, with a CAGR of +61.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 concrete reinforcing bar import price amounted to $X per ton, jumping by 20% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +68.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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