Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark (FOB) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark (CIF) - 2023
3. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark
4. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $12,007 per ton, growing by 57% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices hit record highs at $24,937 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($44,932 per ton), while the average price for exports to Gabon ($7,547 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 Singapore (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark (CIF) - 2023

The average import price for tubing; flexible, with or without fittings, of base metals stood at $27,112 per ton in November 2023, surging by 27% against the previous month. Overall, import price indicated perceptible growth from December 2022 to November 2023: its price increased at an average monthly rate of +2.8% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for tubing; flexible, with or without fittings, of base metals increased by +2.9% against June 2023 indices. The pace of growth was the most pronounced in June 2023 when the average import price increased by 99% against the previous month. The import price peaked in November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($34,889 per ton), while the price for Brazil ($11,915 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark

In 2022, after three years of growth, there was significant decline in overseas shipments of tubing; flexible, with or without fittings, of base metals, when their volume decreased by -33.3% to 9.8K tons. In general, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of 15K tons, and then shrank significantly in the following year.

In value terms, exports of tubing; flexible, with or without fittings, of base metals stood at $118M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.8% against the previous year. As a result, the exports reached the peak of $121M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Denmark in 2022:

1. Norway (7.2K tons)
2. Turkey (0.9K tons)
3. Gabon (0.5K tons)
4. Germany (0.4K tons)
5. Netherlands (0.2K tons)
6. United Kingdom (0.1K tons)

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Denmark

In 2022, approx. 982 tons of tubing; flexible, with or without fittings, of base metals were imported into Denmark; picking up by 3.3% against 2021. Over the period under review, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 5.8% against the previous year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals fell to $16M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of $19M, and then fell in the following year.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Denmark in 2022:

1. Turkey (288.4 tons)
2. Sweden (151.4 tons)
3. Latvia (137.8 tons)
4. Netherlands (85.4 tons)
5. Poland (80.9 tons)
6. China (50.6 tons)
7. Germany (35.2 tons)
8. Brazil (5.4 tons)

Source: IndexBox Market Intelligence Platform