Denmark: Iron Ore Market 2021

Iron Ore Market Size in Denmark

The Danish iron ore market shrank significantly to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced decrease. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.

Iron Ore Exports

Exports from Denmark

In 2019, iron ore exports from Denmark fell rapidly to X tons, waning by -X% on the previous year's figure. Over the period under review, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, iron ore exports expanded markedly to $X in 2019. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons), the U.S. (X tons) and Iceland (X tons) were the main destinations of iron ore exports from Denmark, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Norway, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X) remains the key foreign market for iron ore exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Iceland (-X% per year).

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Iceland ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Iron Ore Imports

Imports into Denmark

In 2019, approx. X tons of iron ores were imported into Denmark; shrinking by -X% compared with 2018. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, iron ore imports fell rapidly to $X in 2019. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Finland (X tons) was the main iron ore supplier to Denmark, accounting for a X% share of total imports. Moreover, iron ore imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from Finland totaled -X%.

In value terms, Finland ($X) and Sweden ($X) were the largest iron ore suppliers to Denmark, with a combined X% share of total imports.

Sweden saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average iron ore import price stood at $X per ton in 2019, waning by -X% against the previous year. Overall, the import price, however, saw notable growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Sweden ($X per ton), while the price for Finland totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Finland.

Source: IndexBox Platform

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