Denmark: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Denmark

In 2020, after two years of growth, there was significant decline in the Danish iron and steel wire market, when its value decreased by -X% to $X. In general, consumption recorded a deep downturn. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Iron and steel wire consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Denmark

In value terms, iron and steel wire production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a sharp curtailment. Iron and steel wire production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Denmark

In 2020, overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel) were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a mild expansion. Over the period under review, exports hit record highs at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports soared to $X in 2020. Over the period under review, exports showed perceptible growth. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for iron and steel wire exports from Denmark, with a X% share of total exports. Moreover, iron and steel wire exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) emerged as the key foreign market for iron and steel wire exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, which is down by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per ton), while the average price for exports to Latvia ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Denmark

In 2020, after two years of growth, there was significant decline in overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports contracted notably to $X in 2020. Over the period under review, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Croatia (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of iron and steel wire imports to Denmark, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Denmark were Germany ($X), Austria ($X) and Sweden ($X), with a combined X% share of total imports. Croatia, China, the Czech Republic, the UK, India, the Netherlands and Poland lagged somewhat behind, together accounting for a further X terms of the main suppliers, Croatia (+X% per year) 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

In 2020, the average iron and steel wire import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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