Price for Steel, Alloy; Angles, Shapes and Sections in Denmark - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Denmark (CIF) - 2023
- Price for Steel, Alloy; Angles, Shapes and Sections in Denmark (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Denmark
- Exports of Steel, Alloy; Angles, Shapes and Sections in Denmark
Price for Steel, Alloy; Angles, Shapes and Sections in Denmark (CIF) - 2023
The average import price for steel, alloy; angles, shapes and sectionses stood at $2,497 per ton in November 2023, surging by 5.7% against the previous month. Overall, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in September 2023 an increase of 11% month-to-month. The import price peaked at $3,313 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($4,946 per ton), while the price for Sweden ($2,337 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Angles, Shapes and Sections in Denmark (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $9,948 per ton in 2022, increasing by 2.1% against the previous year. In general, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 321%. Over the period under review, the average export prices attained the peak figure at $12,634 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($13,972 per ton), while the average price for exports to Norway ($2,741 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 Greenland (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in Denmark
In 2022, approx. 1.8K tons of steel, alloy; angles, shapes and sectionses were imported into Denmark; jumping by 20% compared with the year before. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy; angles, shapes and sectionses surged to $4.7M in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 56%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Steel, Alloy; Angles, Shapes and Sections in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2.5 | 1.9 | 3.1 | 3.9 | 16.0% |
| Italy | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Total | 2.6 | 2.1 | 3.2 | 4.7 | 21.8% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Denmark in 2022:
- Sweden (1596.2 tons)
- Italy (110.6 tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Denmark
Exports of steel, alloy; angles, shapes and sectionses from Denmark shrank notably to 44 tons in 2022, which is down by -38.3% on 2021 figures. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 187%. As a result, the exports attained the peak of 72 tons, and then shrank notably in the following year.
In value terms, exports of steel, alloy; angles, shapes and sectionses contracted remarkably to $441K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 946% against the previous year. As a result, the exports attained the peak of $606K, and then contracted markedly in the following year.
| Export of Steel, Alloy; Angles, Shapes and Sections in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 455 | 382 | -16.0% |
| Italy | N/A | N/A | 5.6 | 26.2 | 367.9% |
| Norway | 5.1 | 11.4 | 85.3 | 21.0 | 60.3% |
| Sweden | 1.1 | 40.2 | 21.7 | 8.2 | 95.3% |
| India | 15.2 | N/A | N/A | N/A | 0% |
| Iceland | 16.5 | N/A | N/A | N/A | 0% |
| Faroe Islands | 145 | N/A | 15.7 | N/A | -67.1% |
| Others | 14.3 | 6.3 | 22.6 | 3.3 | -38.7% |
| Total | 198 | 57.9 | 606 | 441 | 30.6% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Denmark in 2022:
- United Kingdom (27.3 tons)
- Norway (7.7 tons)
- Italy (6.6 tons)
- Sweden (2.2 tons)
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