Denmark: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Denmark

After three years of growth, the Danish steel plaited band market decreased by -1.2% to $X in 2022. Overall, consumption, however, saw a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Steel Plaited Band Production in Denmark

In value terms, steel plaited band production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 170% against the previous year. Steel plaited band production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Steel Plaited Band Exports

Exports from Denmark

In 2022, steel plaited band exports from Denmark skyrocketed to X tons, rising by 17% against 2021. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 33%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, steel plaited band exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for steel plaited band exports from Denmark, with a 36% share of total exports. Moreover, steel plaited band exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.3% per year) and the UK (-0.5% per year).

In value terms, Norway ($X), Germany ($X) and the United States ($X) constituted the largest markets for steel plaited band exported from Denmark worldwide, with a combined 50% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +26.3%, 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 2022, the average steel plaited band export price amounted to $X per ton, increasing by 1.6% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel plaited band export price increased by +109.9% against 2016 indices. The growth pace was the most rapid in 2019 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lithuania ($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 Sweden (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Denmark

In 2022, purchases abroad of iron or steel plaited bands and slings increased by 9% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, steel plaited band imports shrank to $X in 2022. Overall, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of steel plaited band to Denmark, accounting for a 73% share of total imports. Moreover, steel plaited band imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +267.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and Germany (-26.3% per year).

In value terms, Spain ($X) constituted the largest supplier of iron or steel plaited bands and slings to Denmark, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +196.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.4% per year) and China (+3.7% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, with a decrease of -21.6% against the previous year. Over the period under review, the import price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 271%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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