Denmark: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Denmark

The Danish iron or steel leaf-spring market soared to $X in 2022, growing by 56% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Denmark

In value terms, iron or steel leaf-spring production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a deep contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Denmark

In 2022, overseas shipments of iron or steel leaf-springs and leaves increased by 200% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of iron or steel leaf-spring exports from Denmark, together accounting for 22% of total exports. Hungary, Thailand, the Czech Republic, Austria, Switzerland, Poland, the United States, Lithuania, Slovakia and China lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +39.8%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Hungary ($X) and Germany ($X) constituted the largest markets for iron or steel leaf-spring exported from Denmark worldwide, together accounting for 20% of total exports. Thailand, Sweden, Switzerland, Austria, Poland, the United States, Lithuania, the Czech Republic, China and Slovakia lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Thailand, with a CAGR of +50.8%, 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 iron or steel leaf-spring export price stood at $X per ton in 2022, waning by -4.6% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2021 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovakia ($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 China (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Denmark

In 2022, the amount of iron or steel leaf-springs and leaves imported into Denmark skyrocketed to X tons, rising by 50% against the previous year. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 68%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Finland (X tons), India (X tons) and Germany (X tons) were the main suppliers of iron or steel leaf-spring imports to Denmark, with a combined 45% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +228.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel leaf-spring suppliers to Denmark were China ($X), Germany ($X) and Sweden ($X), with a combined 23% share of total imports. Latvia, Finland, India and Turkey lagged somewhat behind, together accounting for a further 16%.

Finland, with a CAGR of +156.6%, saw the highest rates of growth with regard to 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 iron or steel leaf-spring import price amounted to $X per ton, rising by 20% against the previous year. Overall, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2014 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Latvia ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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