Aluminium Wire Price in Denmark - 2023

Contents:

1. Aluminium Wire Price in Denmark (CIF) - 2023
2. Aluminium Wire Price in Denmark (FOB) - 2022
3. Aluminium Wire Imports in Denmark
4. Aluminium Wire Exports in Denmark

Aluminium Wire Price in Denmark (CIF) - 2023

In July 2023, the average aluminium wire import price amounted to $3,679 per ton, approximately reflecting the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 32% m-o-m. Over the period under review, average import prices hit record highs at $4,000 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($4,193 per ton), while the price for Norway totaled $3,494 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Norway (+0.6%).

Aluminium Wire Price in Denmark (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $13,907 per ton, surging by 185% against the previous year. Overall, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +2.7% per year.

Aluminium Wire Imports in Denmark

Aluminium wire imports into Denmark totaled 6.5K tons in 2022, approximately mirroring the year before. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24%. As a result, imports attained the peak of 6.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium wire imports contracted to $17M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of $19M, and then shrank in the following year.

Top Suppliers of Aluminium Wire to Denmark in 2022:

1. Norway (6.2K tons)
2. Germany (0.3K tons)

Aluminium Wire Exports in Denmark

Aluminium wire exports from Denmark fell rapidly to 223 tons in 2022, which is down by -75.3% compared with the previous year. Over the period under review, exports saw a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year.

In value terms, aluminium wire exports fell notably to $3.1M in 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year.

Top Export Markets for Aluminium Wire from Denmark in 2022:

1. Turkey (222.5 tons)

Source: IndexBox Market Intelligence Platform