
Denmark - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Denmark: Pig Iron Market Overview 2020
Pig Iron Market Size in Denmark
In 2019, the Danish pig iron market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2019 and is likely to see steady growth in years to come.
Pig Iron Exports
Exports from Denmark
In 2019, exports of pig iron and spiegeleisen from Denmark contracted remarkably to X tonnes, declining by -X% on the year before. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.
In value terms, pig iron exports contracted notably to $X in 2019. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2018, and then declined remarkably in the following year.
Exports by Country
Italy (X tonnes), the U.S. (X tonnes) and France (X tonnes) were the main destinations of pig iron exports from Denmark, with a combined X% share of total exports.
From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the U.S. (+X% per year), while exports for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for pig iron exported from Denmark were the U.S. ($X), France ($X) and Italy ($X), with a combined X% share of total exports.
The U.S. (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2019, the average pig iron export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced mixed trend patterns.
Pig Iron Imports
Imports into Denmark
After three years of growth, overseas purchases of pig iron and spiegeleisen decreased by -X% to X tonnes in 2019. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes, and then dropped dramatically in the following year.
In value terms, pig iron imports surged to $X in 2019. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.
Imports by Country
In 2019, Spain (X tonnes) was the main pig iron supplier to Denmark, with a X% share of total imports. Moreover, pig iron imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), tenfold.
From 2007 to 2019, the average annual growth rate of volume from Spain stood at +X%.
In value terms, Spain ($X) constituted the largest supplier of pig iron to Denmark, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of value from Spain stood at +X%.
Import Prices by Country
In 2019, the average pig iron import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price continues to indicate a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for the Netherlands totaled $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for pig iron and spiegeleisen in the world?+
The country with the largest volume of pig iron consumption was China (797M tonnes), comprising approx. 63% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India (76M tonnes), tenfold. South Korea (54M tonnes) ranked third in terms of total consumption with a 4.3% share.
What are the largest producers of pig iron and spiegeleisen in the world?+
The country with the largest volume of pig iron production was China (797M tonnes), comprising approx. 63% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India (77M tonnes), tenfold. South Korea (54M tonnes) ranked third in terms of total production with a 4.2% share.
What are the leading suppliers of pig iron and spiegeleisen to Denmark?+
In value terms, Spain ($5.9M) constituted the largest supplier of pig iron to Denmark, comprising 99% of total imports. The second position in the ranking was occupied by the Netherlands ($68K), with a 1.1% share of total imports.
What are the leading importers of pig iron and spiegeleisen from Denmark?+
In value terms, the largest markets for pig iron exported from Denmark were the U.S. ($201K), France ($104K) and Italy ($77K), together accounting for 78% of total exports.
What is the average export price for pig iron and spiegeleisen in Denmark?+
The average pig iron export price stood at $901 per tonne in 2019, declining by -43.1% against the previous year.
What is the average import price for pig iron and spiegeleisen in Denmark?+
The average pig iron import price stood at $1,405 per tonne in 2019, jumping by 178% against the previous year.
This report provides an in-depth analysis of the pig iron market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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