Stainless Steel Wire Price in Denmark - 2023
Contents:
- Stainless Steel Wire Price in Denmark (CIF) - 2022
- Stainless Steel Wire Price in Denmark (FOB) - 2023
- Stainless Steel Wire Imports in Denmark
- Stainless Steel Wire Exports in Denmark
Stainless Steel Wire Price in Denmark (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $7,105 per ton, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($122,500 per ton), while the price for India ($3,690 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Denmark (FOB) - 2023
In September 2023, the average stainless steel wire export price amounted to $4,061 per ton, with a decrease of -13.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 46% month-to-month. As a result, the export price reached the peak level of $4,747 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($10,492 per ton), while the average price for exports to Iceland ($1,882 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in Denmark
In 2022, stainless steel wire imports into Denmark contracted to 2.8K tons, dropping by -2.6% on the previous year's figure. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 30% against the previous year.
In value terms, stainless steel wire imports surged to $20M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Stainless Steel Wire in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.4 | 2.5 | 4.3 | 4.2 | 7.3% |
| India | 1.5 | 1.6 | 3.2 | 3.4 | 31.4% |
| Germany | 1.5 | 1.2 | 1.6 | 2.0 | 10.1% |
| Indonesia | 0.6 | 0.2 | 0.3 | 0.8 | 10.1% |
| Czech Republic | 1.1 | 0.8 | 0.9 | 0.7 | -14.0% |
| Italy | 0.4 | 0.5 | 0.6 | 0.6 | 14.5% |
| France | 1.3 | 0.9 | 1.1 | 0.6 | -22.7% |
| Others | 8.2 | 5.8 | 5.2 | 7.6 | -2.5% |
| Total | 18.1 | 13.6 | 17.3 | 19.9 | 3.2% |
Top Suppliers of Stainless Steel Wire to Denmark in 2022:
- India (934.9 tons)
- Sweden (907.7 tons)
- Germany (240.6 tons)
- Indonesia (200.8 tons)
- Italy (107.5 tons)
- Czech Republic (86.2 tons)
- France (67.8 tons)
Stainless Steel Wire Exports in Denmark
In 2022, exports of stainless steel wire from Denmark skyrocketed to 3.3K tons, increasing by 73% against the previous year. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, stainless steel wire exports surged to $9.6M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Wire in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,103 | 3,203 | 4,114 | 4,365 | 12.0% |
| France | 3.4 | 3.1 | 5.6 | 1,964 | 732.8% |
| Sweden | 310 | 621 | 314 | 954 | 45.5% |
| Switzerland | 321 | 381 | 733 | 936 | 42.9% |
| Norway | 213 | 164 | 184 | 215 | 0.3% |
| Estonia | 157 | 161 | 138 | 189 | 6.4% |
| Others | 592 | 979 | 793 | 946 | 16.9% |
| Total | 4,700 | 5,513 | 6,281 | 9,567 | 26.7% |
Top Export Markets for Stainless Steel Wire from Denmark in 2022:
- Sweden (1533.1 tons)
- Germany (1328.0 tons)
- Switzerland (217.1 tons)
- France (71.4 tons)
- Estonia (34.0 tons)
- Norway (28.4 tons)
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