Denmark: Metal Chain Market 2025

Metal Chain Market Size in Denmark

In 2022, the Danish metal chain market increased by 17% to $X, rising for the eighth year in a row after two years of decline. Over the period under review, consumption showed a significant increase. Metal chain consumption peaked in 2022 and is likely to see steady growth in the near future.

Metal Chain Production in Denmark

In value terms, metal chain production soared to $X in 2022 estimated in export price. In general, production posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 32,294% against the previous year. Metal chain production peaked in 2022 and is likely to see gradual growth in the immediate term.

Metal Chain Exports

Exports from Denmark

After five years of growth, shipments abroad of iron or steel chain decreased by -31.1% to X tons in 2022. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, metal chain exports declined to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 97% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The UK (X tons), Norway (X tons) and China (X tons) were the main destinations of metal chain exports from Denmark, together comprising 37% of total exports. Greenland, Germany, Turkey, South Africa, Malaysia, Sweden, the United States, Japan, Belgium and France lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +76.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel chain exports from Denmark, comprising 21% of total exports. The second position in the ranking was taken by Norway ($X), with a 7.6% share of total exports. It was followed by the UK, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+4.5% per year) and the UK (-1.4% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, with an increase of 32% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Turkey (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Denmark

In 2022, imports of iron or steel chain into Denmark declined notably to X tons, falling by -30.4% compared with the year before. Overall, imports, however, recorded a slight increase. The pace of growth was the most pronounced in 2021 with an increase of 122%. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, metal chain imports dropped to $X in 2022. In general, imports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by 104%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Norway (X tons), China (X tons) and Finland (X tons) were the main suppliers of metal chain imports to Denmark, together comprising 81% of total imports. Italy, Belgium, Germany, Turkey and Sweden lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), China ($X) and Italy ($X) appeared to be the largest metal chain suppliers to Denmark, with a combined 70% share of total imports. Germany, Belgium, Sweden, Finland and Turkey lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, Belgium, with a CAGR of +38.5%, recorded the highest growth rate of 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

The average metal chain import price stood at $X per ton in 2022, growing by 23% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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