Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $701 per ton in 2022, surging by 9.7% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($733 per ton), while the price for Russia amounted to $684 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 or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $61,712 per ton in 2022, with an increase of 5,067% against the previous year. In general, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($480,067 per ton), while the average price for exports to Norway ($17,356 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 UK (+33,214.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s imported into Denmark shrank markedly to 10K tons, which is down by -90.1% on the previous year's figure. In general, imports saw a precipitous slump. 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 notably in the following year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s shrank notably to $7.3M in 2022. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 136% against the previous year. As a result, imports reached the peak of $66M, and then reduced rapidly in the following year.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 17.7 | 11.6 | 47.2 | 4.7 | -35.7% |
| Norway | 18.1 | 15.4 | 18.4 | 2.5 | -48.3% |
| Others | 2.3 | 1.2 | 0.8 | N/A | -41.0% |
| Total | 38.1 | 28.2 | 66.4 | 7.3 | -42.4% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Denmark in 2022:
- Russia (6.9K tons)
- Norway (3.5K tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark
In 2022, overseas shipments of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -94.1% to 323 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of 15 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $20K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 251%. As a result, the exports reached the peak of $28K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 3.7 | 14.4 | 289.2% |
| Norway | 1.5 | N/A | 0.7 | 4.3 | 42.1% |
| United States | 1.2 | N/A | N/A | 1.2 | 0.0% |
| Indonesia | N/A | 27.0 | N/A | N/A | 0% |
| Faroe Islands | 5.4 | N/A | N/A | N/A | 0% |
| Greenland | N/A | N/A | 1.4 | N/A | 0% |
| Others | N/A | 1.4 | 0.8 | N/A | -42.9% |
| Total | 8.1 | 28.3 | 6.6 | 19.9 | 34.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Denmark in 2022:
- Norway (250.0 kg)
- United States (43.0 kg)
- United Kingdom (30.0 kg)
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