Denmark: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Denmark

In 2022, the Danish market for raw steel and steel semi-finished products increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption enjoyed buoyant growth. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Production of Raw Steel And Steel Semi-Finished Products in Denmark

In value terms, production of raw steel and steel semi-finished products skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Production of peaked in 2022 and is expected to retain growth in the near future.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Denmark

In 2022, overseas shipments of raw steel and steel semi-finished products increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products amounted to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Slovakia (X tons) and Poland (X tons) were the main destinations of exports of raw steel and steel semi-finished products from Denmark, with a combined X% share of total exports. Sweden, the UK, Turkey, Norway, Italy and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for raw steel and steel semi-finished products exported from Denmark were Germany ($X), Poland ($X) and Slovakia ($X), with a combined X% share of total exports. Sweden, the UK, Norway, Italy, France and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for raw steel and steel semi-finished products amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($X 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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Denmark

In 2022, overseas purchases of raw steel and steel semi-finished products increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of raw steel and steel semi-finished products expanded slightly to $X in 2022. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of raw steel and steel semi-finished products to Denmark, accounting for a X% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Russia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Belgium (X% per year).

In value terms, Russia ($X) constituted the largest supplier of raw steel and steel semi-finished products to Denmark, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Belgium (X% per year).

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, reducing by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% 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 raw steel and steel semi-finished products increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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