Denmark: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Denmark

The Danish base metal clasp market reduced modestly to $X in 2023, stabilizing at the previous year. In general, consumption saw a abrupt downturn. Base metal clasp consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Base Metal Clasp Production in Denmark

In value terms, base metal clasp production reduced to $X in 2023 estimated in export price. Over the period under review, production recorded a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Base Metal Clasp Exports

Exports from Denmark

In 2023, exports of articles such as clasps, frames with clasps, parts of base metal from Denmark rose rapidly to X tons, with an increase of X% on the previous year's figure. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, base metal clasp exports surged to $X in 2023. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for base metal clasp exports from Denmark, with a X% share of total exports. Moreover, base metal clasp exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for articles such as clasps, frames with clasps, parts of base metal exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

Export Prices by Country

The average base metal clasp export price stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into Denmark

In 2023, approx. X tons of articles such as clasps, frames with clasps, parts of base metal were imported into Denmark; surging by X% compared with the previous year's figure. Overall, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, base metal clasp imports totaled $X in 2023. Over the period under review, total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of base metal clasp imports to Denmark, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest base metal clasp suppliers to Denmark, with a combined X% share of total imports. Sweden, the Netherlands, Belgium, Poland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average base metal clasp import price amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, base metal clasp import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform