Denmark: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2023

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Denmark

In 2022, the Danish market for line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Denmark

In value terms, production of line pipe of steel other than stainless steel for oil or gas pipelines dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Denmark

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines decreased by -75.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 127% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines dropped rapidly to $X in 2022. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Norway (X tons), Germany (X tons) and Serbia (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from Denmark, together accounting for 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +21.6%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Norway ($X) and France ($X) constituted the largest markets for line pipe of steel other than stainless steel for oil or gas pipelines exported from Denmark worldwide, together accounting for 63% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +24.9%, 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 mixed trend patterns.

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, waning by -17% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Norway (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Denmark

In 2022, approx. X tons of line pipe of steel other than stainless steel for oil or gas pipelines were imported into Denmark; shrinking by -38% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 148%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines fell sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 273%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of imports of line pipe of steel other than stainless steel for oil or gas pipelines to Denmark, together comprising 85% of total imports. The Czech Republic, Spain and Lithuania lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +180.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) were the largest line pipe of steel other than stainless steel for oil or gas pipelines suppliers to Denmark, with a combined 85% share of total imports. The Czech Republic, Spain and Lithuania lagged somewhat behind, together comprising a further 9.7%.

Lithuania, with a CAGR of +196.1%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, rising by 15% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 line pipe of steel other than stainless steel for oil or gas pipelines increased by +53.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :