Price for Iron and Non-Alloy Steel in Ingot in Denmark - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Denmark (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Denmark (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Denmark
- Exports of Iron and Non-Alloy Steel in Ingot in Denmark
Price for Iron and Non-Alloy Steel in Ingot in Denmark (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $714 per ton, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 39% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($734 per ton), while the price for Russia stood at $688 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.6%).
Price for Iron and Non-Alloy Steel in Ingot in Denmark (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $6,469 per ton in 2022, which is down by -4.4% against the previous year. In general, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 75%. Over the period under review, the average export prices reached the peak figure at $9,151 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($9,873 per ton), while the average price for exports to France ($2,907 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 the Netherlands (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Denmark
In 2022, approx. 10K tons of iron and non-alloy steel in ingots were imported into Denmark; shrinking by -90% on the previous year. In general, imports recorded a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 69%. As a result, imports reached the peak of 104K tons, and then dropped sharply in the following year.
In value terms, imports of iron and non-alloy steel in ingots contracted notably to $7.4M in 2022. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 135%. As a result, imports reached the peak of $67M, and then reduced markedly in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 17.7 | 11.6 | 47.2 | 4.7 | -35.7% |
| Norway | 18.2 | 15.4 | 18.4 | 2.6 | -47.7% |
| Others | 2.9 | 1.3 | 0.9 | 0.1 | -67.5% |
| Total | 38.7 | 28.3 | 66.5 | 7.4 | -42.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Denmark in 2022:
- Russia (6.8K tons)
- Norway (3.5K tons)
Exports of Iron and Non-Alloy Steel in Ingot in Denmark
After two years of decline, shipments abroad of iron and non-alloy steel in ingots increased by 21% to 38 tons in 2022. Overall, exports, however, recorded a sharp decrease.
In value terms, exports of iron and non-alloy steel in ingots skyrocketed to $248K in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.
| Export of Iron and Non-Alloy Steel in Ingot in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 129 | 80.5 | 147 | 177 | 11.1% |
| France | N/A | N/A | N/A | 29.3 | 0% |
| Greenland | 57.2 | N/A | 41.5 | 4.6 | -56.8% |
| Iceland | 138 | N/A | 0.8 | 4.2 | -68.8% |
| Indonesia | N/A | 26.9 | N/A | N/A | 0% |
| Poland | N/A | 166 | N/A | N/A | 0% |
| Romania | 14.5 | 13.3 | N/A | N/A | -8.3% |
| Others | 24.7 | 2.0 | 24.1 | 32.9 | 10.0% |
| Total | 363 | 289 | 214 | 248 | -11.9% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Denmark in 2022:
- Norway (26.6 tons)
- France (10.1 tons)
- Iceland (0.3 tons)
- Greenland (0.3 tons)
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