Price for Wire of Other Alloy Steel in Denmark - 2023
Contents:
- Price for Wire of Other Alloy Steel in Denmark (CIF) - 2022
- Price for Wire of Other Alloy Steel in Denmark (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Denmark
- Exports of Wire of Other Alloy Steel in Denmark
Price for Wire of Other Alloy Steel in Denmark (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $2,233 per ton, jumping by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 when the average import price increased by 22%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,723 per ton), while the price for China ($1,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Denmark (FOB) - 2022
The average export price for wire of other alloy steels stood at $3,870 per ton in 2022, dropping by -6.7% against the previous year. Over the period under review, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 120% against the previous year. As a result, the export price attained the peak level of $6,612 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($5,195 per ton), while the average price for exports to Pakistan ($1,100 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 Faroe Islands (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Denmark
In 2022, wire of other alloy steel imports into Denmark declined markedly to 3.2K tons, which is down by -15.9% compared with the year before. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of 3.9K tons, and then dropped markedly in the following year.
In value terms, wire of other alloy steel imports rose modestly to $7.2M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Wire of Other Alloy Steel in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2,952 | 2,590 | 2,959 | 3,576 | 6.6% |
| Germany | 772 | 670 | 828 | 1,331 | 19.9% |
| Netherlands | 97.3 | 55.5 | 64.5 | 755 | 98.0% |
| Italy | 225 | 177 | 354 | 286 | 8.3% |
| South Korea | 25.4 | 25.6 | 42.9 | 230 | 108.4% |
| Sweden | 131 | 623 | 1,766 | 200 | 15.1% |
| Vietnam | 153 | 152 | 294 | 178 | 5.2% |
| Slovakia | 62.2 | 98.1 | 245 | 71.8 | 4.9% |
| Others | 277 | 412 | 507 | 618 | 30.7% |
| Total | 4,694 | 4,803 | 7,060 | 7,245 | 15.6% |
Top Suppliers of Wire of Other Alloy Steel to Denmark in 2022:
- Czech Republic (1833.4 tons)
- Germany (552.6 tons)
- Netherlands (369.9 tons)
- Italy (117.8 tons)
- Vietnam (90.9 tons)
- Sweden (65.5 tons)
- South Korea (59.7 tons)
- Slovakia (33.4 tons)
Exports of Wire of Other Alloy Steel in Denmark
In 2022, shipments abroad of wire of other alloy steels decreased by -44.9% to 71 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, the exports attained the peak of 152 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wire of other alloy steel exports shrank markedly to $275K in 2022. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year.
| Export of Wire of Other Alloy Steel in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 187 | 148 | 123 | 157 | -5.7% |
| Ukraine | 77.4 | 88.8 | 221 | 91.5 | 5.7% |
| Latvia | 31.4 | 80.3 | 82.1 | 7.2 | -38.8% |
| Pakistan | 2.9 | 4.7 | 6.8 | 4.6 | 16.6% |
| Germany | 35.4 | 70.2 | 71.9 | 0.2 | -82.2% |
| South Korea | N/A | 13.5 | N/A | N/A | 0% |
| Others | 45.8 | 54.9 | 29.9 | 14.1 | -32.5% |
| Total | 380 | 461 | 535 | 275 | -10.2% |
Top Export Markets for Wire of Other Alloy Steel from Denmark in 2022:
- Norway (44.1 tons)
- Ukraine (17.6 tons)
- Pakistan (4.2 tons)
- Latvia (3.5 tons)
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