Denmark: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Denmark

The Danish market for ribbed or other deformed wire rod of non-alloy steel soared to $X in 2021, increasing by 60% 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 buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Denmark

In 2021, exports of ribbed or other deformed wire rod of non-alloy steel from Denmark soared to X tons, jumping by 369,810% on 2020 figures. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for deformed non-alloy steel wire rod exports from Denmark, accounting for a 79% share of total exports. Moreover, deformed non-alloy steel wire rod exports to Norway exceeded the volume sent to the second major destination, Faroe Islands (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at +286.6%.

In value terms, the largest markets for deformed non-alloy steel wire rod exported from Denmark were Norway ($X) and Faroe Islands ($X).

Norway, with a CAGR of +209.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, falling by -37.1% against the previous year. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. The export price peaked at $X per ton in 2020, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+138.9%), while the prices for the other major destinations experienced a decline.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Denmark

For the sixth year in a row, Denmark recorded growth in purchases abroad of ribbed or other deformed wire rod of non-alloy steel, which increased by 21% to X tons in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% 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 +51.6% against 2014 indices. The pace of growth was the most pronounced in 2014 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, deformed non-alloy steel wire rod imports soared to $X in 2021. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest deformed non-alloy steel wire rod supplier to Denmark, accounting for a 62% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-0.1% per year) and the Netherlands (+50.8% per year).

In value terms, Germany ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Denmark, comprising 61% of total imports. The second position in the ranking was held by Norway ($X), with a 29% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+1.8% per year) and the Netherlands (+56.5% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, surging by 58% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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