Denmark: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Denmark

In 2020, after three years of growth, there was significant decline in the Danish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by -X% to $X. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2013 to 2020, the growth of the market remained at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Denmark

In value terms, iron, steel or aluminium reservoir production fell slightly to $X in 2020 estimated in export prices. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Denmark

In 2020, after two years of growth, there was significant decline in shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. Over the period under review, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports shrank significantly to $X in 2020. In general, exports showed a slight decline. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2019, and then shrank dramatically in the following year.

Exports by Country

Norway (X tons) was the main destination for iron, steel or aluminium reservoir exports from Denmark, accounting for a X% share of total exports. Moreover, iron, steel or aluminium reservoir exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Norway amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Germany (-X% per year).

In value terms, Norway ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Norway amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Denmark

In 2020, purchases abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Overall, total imports indicated a modest increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped to $X in 2020. Over the period under review, total imports indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Norway (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Denmark, together accounting for X% of total imports. Italy, the Czech Republic, Austria, Sweden and the Netherlands lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) were the largest iron, steel or aluminium reservoir suppliers to Denmark, with a combined X% share of total imports. These countries were followed by the Netherlands, Sweden, the Czech Republic, Austria and Norway, which together accounted for a further X terms of the main suppliers, the Netherlands recorded 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

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sweden, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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