Denmark: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Denmark

In 2021, the Danish iron or steel can market increased by 49% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a resilient expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in years to come.

Production of Iron or Steel Cans in Denmark

In value terms, iron or steel can production surged to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +82.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 48%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Iron or Steel Cans

Exports from Denmark

In 2021, the amount of iron or steel cans exported from Denmark reduced to X units, declining by -12.3% against the previous year's figure. In general, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, iron or steel can exports stood at $X in 2021. Over the period under review, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), Canada (X units) and the Netherlands (X units) were the main destinations of iron or steel can exports from Denmark, with a combined 37% share of total exports. These countries were followed by Germany, France, Turkey, Poland, the United States, Lebanon, South Korea, Norway, Belgium and Jordan, which together accounted for a further 55%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), France ($X) and Canada ($X) appeared to be the largest markets for iron or steel can exported from Denmark worldwide, together comprising 35% of total exports. These countries were followed by the Netherlands, South Korea, Turkey, Poland, Germany, the United States, Lebanon, Norway, Belgium and Jordan, which together accounted for a further 55%.

Among the main countries of destination, South Korea, with a CAGR of +47.1%, saw 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 2021, the average iron or steel can export price amounted to $X per unit, with an increase of 14% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Denmark

In 2021, approx. X units of iron or steel cans were imported into Denmark; with a decrease of -13.8% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 40%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel can imports expanded markedly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Sweden (X units) were the main suppliers of iron or steel can imports to Denmark, together accounting for 64% of total imports. These countries were followed by France, Estonia, China, Spain, Belgium, Italy, Turkey, Poland and Bulgaria, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +89.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can suppliers to Denmark were Germany ($X), the Netherlands ($X) and Sweden ($X), together accounting for 65% of total imports. These countries were followed by China, France, Estonia, Italy, Belgium, Spain, Turkey, Poland and Bulgaria, which together accounted for a further 32%.

In terms of the main suppliers, Belgium, with a CAGR of +78.2%, 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 2021, the average iron or steel can import price amounted to $X per unit, increasing by 25% 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 unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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