Denmark: Pig Iron Market Overview 2020

Pig Iron Market Size in Denmark

The revenue of the pig iron market in Denmark amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, pig iron consumption, however, continues to indicate an abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Pig iron consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Pig Iron Exports

Exports from Denmark

In 2018, approx. X tonnes of pig iron and spiegeleisen were exported from Denmark; jumping by X% against the previous year. Overall, pig iron exports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. In that year, pig iron exports attained their peak of X tonnes. From 2017 to 2018, the growth of pig iron exports remained at a somewhat lower figure.

In value terms, pig iron exports amounted to $X in 2018. In general, pig iron exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, pig iron exports reached their peak figure in 2018 and are likely to see steady growth in the near future.

Exports by Country

France (X tonnes) was the main destination for pig iron exports from Denmark, with a X% share of total exports. Moreover, pig iron exports to France exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. Slovakia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Slovakia (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for pig iron exports from Denmark, comprising X% of total pig iron exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and France (+X% per year).

Export Prices by Country

In 2018, the average pig iron export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the pig iron export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Imports

Imports into Denmark

In 2018, the amount of pig iron and spiegeleisen imported into Denmark stood at X tonnes, jumping by X% against the previous year. Overall, pig iron imports, however, continue to indicate a perceptible drop. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, pig iron imports totaled $X in 2018. Over the period under review, pig iron imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Norway (X tonnes) constituted the largest pig iron supplier to Denmark, with a X% share of total imports. Moreover, pig iron imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), threefold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Norway totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Russia (-X% per year).

In value terms, Norway ($X) constituted the largest supplier of pig iron to Denmark, comprising X% of total pig iron imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Norway amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the average pig iron import price amounted to $X per tonne, growing by X% against the previous year. Overall, the pig iron import price, however, continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average import prices for pig iron and spiegeleisen attained their maximum at $X per tonne in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform