Denmark: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in Denmark

In 2022, the Danish threaded copper articles market increased by 13% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threaded Copper Articles Production in Denmark

In value terms, threaded copper articles production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,048% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Threaded Copper Articles Exports

Exports from Denmark

In 2022, overseas shipments of threaded articles of copper decreased by -14.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 218%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, threaded copper articles exports shrank markedly to $X in 2022. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 327% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Faroe Islands (X tons) was the main destination for threaded copper articles exports from Denmark, accounting for a 42% share of total exports. Moreover, threaded copper articles exports to Faroe Islands exceeded the volume sent to the second major destination, Poland (X tons), threefold. Norway (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Faroe Islands stood at +78.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5.3% per year) and Norway (+20.9% per year).

In value terms, Poland ($X), Faroe Islands ($X) and Germany ($X) constituted the largest markets for threaded copper articles exported from Denmark worldwide, with a combined 53% share of total exports. Sweden, Iceland, the UK, Norway, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 30%.

Iceland, with a CAGR of +100.3%, saw the highest growth rate of 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

The average threaded copper articles export price stood at $X per ton in 2022, dropping by -17.7% against the previous year. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 55%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports into Denmark

In 2022, the amount of threaded articles of copper imported into Denmark shrank to X tons, dropping by -1.9% against the year before. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, threaded copper articles imports shrank to $X in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of threaded copper articles imports to Denmark, together comprising 46% of total imports. Italy, India, Slovakia, the Netherlands, Switzerland, the Czech Republic, Sweden, Taiwan (Chinese), the UK and Japan lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +70.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and China ($X) appeared to be the largest threaded copper articles suppliers to Denmark, together accounting for 48% of total imports. Spain, Italy, Taiwan (Chinese), Sweden, India, the UK, the Czech Republic, the Netherlands, Slovakia and Japan lagged somewhat behind, together accounting for a further 39%.

Spain, with a CAGR of +79.2%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average threaded copper articles import price amounted to $X per ton, declining by -10.4% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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