Report Update Nov 1, 2024

Denmark - Tungsten - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Tungsten Market 2024

Tungsten Market Size in Denmark

The Danish tungsten market surged to $X in 2022, growing by 148% against the previous year. Overall, consumption saw a mild increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Tungsten Production in Denmark

In value terms, tungsten production declined to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 21%. Tungsten production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tungsten Exports

Exports from Denmark

Tungsten exports from Denmark amounted to X kg in 2022, remaining constant against the year before. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the maximum at X kg in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tungsten exports totaled $X in 2022. In general, exports recorded a dramatic shrinkage. The smallest decline of 99.9% was in 2021. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for tungsten exports from Denmark, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to the UK was relatively modest.

From 2017 to 2022, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average tungsten export price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2017 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -22.5% per year.

Tungsten Imports

Imports into Denmark

In 2022, approx. X kg of tungsten were imported into Denmark; picking up by 122% on the year before. In general, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 405%. As a result, imports reached the peak of X kg. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, tungsten imports soared to $X in 2022. Overall, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 944%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X kg) was the main supplier of tungsten to Denmark, accounting for a 93% share of total imports. Moreover, tungsten imports from the UK exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. The third position in this ranking was taken by Poland (X kg), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +82.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.9% per year) and Poland (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of tungsten to Denmark, comprising 93% of total imports. The second position in the ranking was taken by Poland ($X), with a 2.8% share of total imports. It was followed by the United States, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +58.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and the United States (-4.7% per year).

Import Prices by Country

The average tungsten import price stood at $X per ton in 2022, with an increase of 115% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten in the world?

The country with the largest volume of tungsten consumption was China, accounting for 86% of total volume. It was followed by Russia, with a 2.5% share of total consumption.

What are the largest producers of tungsten in the world?

The country with the largest volume of tungsten production was China, accounting for 88% of total volume. It was followed by Russia, with a 2.4% share of total production.

What are the leading suppliers of tungsten to Denmark?

In value terms, India, China and the UK were the largest tungsten suppliers to Denmark, together comprising 100% of total imports.

What is the average export price for tungsten in Denmark?

In 2020, the average tungsten export price amounted to $100,914 per ton, with an increase of 143% against the previous year.

What is the average import price for tungsten in Denmark?

In 2021, the average tungsten import price amounted to $89,348 per ton, surging by 31% against the previous year.

This report provides an in-depth analysis of the tungsten market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023