Denmark: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Denmark

In 2021, after two years of decline, there was growth in the Danish metal welded link chain market, when its value increased by 3.4% to $X. Overall, consumption showed a slight decline. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Denmark

In value terms, metal welded link chain production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 456%. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Exports of Welded Link Chain Of Iron Or Steel

Exports from Denmark

In 2021, exports of welded link chain of iron or steel from Denmark reduced dramatically to X tons, with a decrease of -35.2% against the previous year. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, metal welded link chain exports dropped dramatically to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 100%. The exports peaked at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Spain (X tons) was the main destination for metal welded link chain exports from Denmark, accounting for a 18% share of total exports. Moreover, metal welded link chain exports to Spain exceeded the volume sent to the second major destination, Faroe Islands (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+21.6% per year) and Norway (+9.2% per year).

In value terms, Spain ($X), Sweden ($X) and Norway ($X) were the largest markets for metal welded link chain exported from Denmark worldwide, with a combined 29% share of total exports. These countries were followed by the United States, Germany, Faroe Islands, Lithuania, South Korea, the UK, Greenland, Russia, New Zealand and Iceland, which together accounted for a further 40%.

Among the main countries of destination, New Zealand, with a CAGR of +45.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal welded link chain export price stood at $X per ton in 2021, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded Link Chain Of Iron Or Steel

Imports into Denmark

Metal welded link chain imports into Denmark shrank significantly to X tons in 2021, waning by -26.1% compared with the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal welded link chain imports expanded to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Norway (X tons) were the main suppliers of metal welded link chain imports to Denmark, together accounting for 66% of total imports. These countries were followed by Germany, Belgium, the Netherlands, Austria and the UK, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +17.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest metal welded link chain suppliers to Denmark were Sweden ($X), China ($X) and Germany ($X), together accounting for 62% of total imports. Norway, Austria, Belgium, the Netherlands and the UK lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Belgium, with a CAGR of +26.1%, recorded the highest rates of growth with regard to 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

The average metal welded link chain import price stood at $X per ton in 2021, surging by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. 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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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