Denmark: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Denmark

The Danish market for iron or steel flat spiral or discs springs shrank markedly to $X in 2021, which is down by -73.5% against the previous year. Overall, consumption saw a dramatic downturn. Metal spiral or discs spring consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Denmark

In value terms, metal spiral or discs spring production shrank dramatically to $X in 2021 estimated in export price. Overall, production saw a sharp downturn. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Denmark

Metal spiral or discs spring exports from Denmark soared to X tons in 2021, rising by 25% on 2020 figures. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 26% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring exports soared to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 91% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of metal spiral or discs spring exports from Denmark, with a combined 51% share of total exports. These countries were followed by Norway, Sweden, Slovakia, France, the United States, China, the Czech Republic, Romania, the UK and Finland, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +73.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal spiral or discs spring exported from Denmark were Poland ($X), Germany ($X) and the United States ($X), with a combined 36% share of total exports. These countries were followed by China, Sweden, Slovakia, Hungary, Norway, France, the Czech Republic, the UK, Finland and Romania, which together accounted for a further 33%.

Romania, with a CAGR of +68.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 export price for iron or steel flat spiral or discs springs amounted to $X per ton, flattening at the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal spiral or discs spring export price decreased by -16.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Denmark

In 2021, supplies from abroad of iron or steel flat spiral or discs springs increased by 15% to X tons, rising for the fourth consecutive year after two years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.3% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Sweden (X tons) were the main suppliers of metal spiral or discs spring imports to Denmark, together comprising 72% of total imports. The UK, Turkey, India, Belgium, Latvia and Switzerland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and China ($X) appeared to be the largest metal spiral or discs spring suppliers to Denmark, with a combined 58% share of total imports.

China, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, among 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 2021, the average import price for iron or steel flat spiral or discs springs amounted to $X per ton, rising by 2.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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