Price for Steel, Alloy; Ingots and Other Primary Forms in Denmark - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Denmark (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Denmark (CIF) - 2022
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Denmark
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Denmark
Price for Steel, Alloy; Ingots and Other Primary Forms in Denmark (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $19,594 per ton in 2022, rising by 34% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 328% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($38,605 per ton), while the average price for exports to Sweden ($4,041 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 Switzerland (+186.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in Denmark (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $8,851 per ton in 2022, surging by 1,077% against the previous year. Overall, the import price recorded strong growth. Over the period under review, average import prices reached the maximum at $15,333 per ton in 2017; however, from 2018 to 2022, 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 Norway ($47,067 per ton), while the price for the Netherlands ($1,838 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Ingots and Other Primary Forms in Denmark
Exports of steel, alloy; ingots and other primary formses from Denmark skyrocketed to 11 tons in 2022, with an increase of 35% against 2021. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.6% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 39%. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, alloy; ingots and other primary formses surged to $209K in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greenland | 119 | 139 | 98.8 | 172 | 13.1% |
| Norway | 4.8 | N/A | 0.8 | 32.2 | 88.6% |
| Sweden | N/A | N/A | 16.3 | 5.0 | -69.3% |
| Germany | 6.1 | 32.3 | N/A | N/A | 429.5% |
| Others | 12.5 | 8.1 | N/A | N/A | -35.2% |
| Total | 142 | 179 | 116 | 209 | 13.8% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Denmark in 2022:
- Greenland (8.6 tons)
- Sweden (1.2 tons)
- Norway (0.8 tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in Denmark
In 2022, purchases abroad of steel, alloy; ingots and other primary formses decreased by -96.3% to 10 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 618,842%.
In value terms, imports of steel, alloy; ingots and other primary formses dropped notably to $90K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 42,569%.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | N/A | 0.1 | 62.8 | 493.8% |
| Norway | N/A | N/A | N/A | 14.7 | 0% |
| Netherlands | N/A | N/A | 20.2 | 5.9 | -70.8% |
| Sweden | N/A | 26.5 | 5.3 | 3.6 | -63.1% |
| Italy | N/A | 115 | 178 | N/A | 54.8% |
| Others | N/A | 0.2 | 2.3 | 3.2 | 300.0% |
| Total | 0.3 | 142 | 206 | 90.3 | 570.2% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Denmark in 2022:
- United Kingdom (6.0 tons)
- Netherlands (3.2 tons)
- Sweden (0.6 tons)
- Norway (0.3 tons)
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