Denmark: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Denmark

In 2022, the Danish steel stranded wire market increased by 22% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Steel Stranded Wire Production in Denmark

In value terms, steel stranded wire production contracted notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 240% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Steel Stranded Wire Exports

Exports from Denmark

In 2022, shipments abroad of iron or steel stranded wire, ropes and cables decreased by -11.6% to X tons, falling for the fourth consecutive year after five years of growth. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.5% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel stranded wire exports dropped to $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 28%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons), Germany (X tons) and Italy (X tons) were the main destinations of steel stranded wire exports from Denmark, with a combined 44% share of total exports. The UK, the Netherlands, Spain, Sweden, Poland, Belgium, France, Finland and Switzerland lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel stranded wire exported from Denmark were Norway ($X), Germany ($X) and Italy ($X), with a combined 39% share of total exports. The UK, the Netherlands, Sweden, Spain, France, Poland, Belgium, Finland and Switzerland lagged somewhat behind, together accounting for a further 38%.

Among the main countries of destination, Switzerland, with a CAGR of +31.9%, recorded 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

The average steel stranded wire export price stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 when the average export price increased by 17%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Sweden ($X per ton), while the average price for exports to Italy ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Denmark

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables increased by 2.3% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 31%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, steel stranded wire imports soared to $X in 2022. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of steel stranded wire imports to Denmark, with a combined 53% share of total imports. Thailand, Turkey, China, India, Lithuania, Portugal, Germany, the UK and South Korea lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +162.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel stranded wire suppliers to Denmark were Spain ($X), the Netherlands ($X) and Sweden ($X), with a combined 41% share of total imports. Thailand, China, Turkey, Germany, India, Lithuania, Portugal, the UK and South Korea lagged somewhat behind, together comprising a further 49%.

In terms of the main suppliers, Thailand, with a CAGR of +160.1%, saw 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 steel stranded wire import price stood at $X per ton in 2022, growing by 14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32%. Over the period under review, average import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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