Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (FOB) - 2023
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,481 per ton, rising by 31% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 stainless steel bars and rods, angles, shapes and sectionses increased by +56.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($6,199 per ton), while the price for India ($3,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (FOB) - 2023
The average export price for stainless steel bars and rods, angles, shapes and sectionses stood at $5,682 per ton in October 2023, with a decrease of -4.3% against the previous month. In general, the export price recorded a slight descent. The pace of growth appeared the most rapid in June 2023 an increase of 8.9% against the previous month. The export price peaked at $6,865 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was France ($9,064 per ton), while the average price for exports to Latvia ($4,129 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Denmark rose to 28K tons, with an increase of 2.2% on 2021 figures. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses surged to $154M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +87.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 30.0 | 26.3 | 38.9 | 46.9 | 16.1% |
| Germany | 9.6 | 9.1 | 12.4 | 20.6 | 29.0% |
| Sweden | 10.3 | 8.1 | 10.5 | 17.8 | 20.0% |
| France | 14.1 | 11.2 | 16.4 | 17.4 | 7.3% |
| Taiwan (Chinese) | 2.0 | 3.2 | 7.5 | 13.7 | 89.9% |
| India | 7.3 | 5.5 | 6.7 | 12.6 | 20.0% |
| Spain | 9.4 | 7.4 | 6.9 | 8.2 | -4.5% |
| Netherlands | 3.8 | 3.9 | 3.8 | 5.8 | 15.1% |
| Others | 6.1 | 7.2 | 12.2 | 10.9 | 21.3% |
| Total | 92.5 | 82.1 | 115 | 154 | 18.5% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Denmark in 2022:
- Italy (8.3K tons)
- India (3.3K tons)
- Germany (3.3K tons)
- Sweden (3.1K tons)
- Taiwan (Chinese) (3.0K tons)
- France (3.0K tons)
- Spain (1.5K tons)
- Netherlands (1.1K tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses exported from Denmark shrank to 9.9K tons, dropping by -4.2% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of 10K tons, and then contracted in the following year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $63M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 12.1 | 10.4 | 10.8 | 10.5 | -4.6% |
| Germany | 4.0 | 4.2 | 5.1 | 8.8 | 30.1% |
| Norway | 4.8 | 4.7 | 3.9 | 7.0 | 13.4% |
| Netherlands | 2.1 | 2.3 | 3.8 | 6.9 | 48.7% |
| Finland | 2.8 | 2.4 | 3.1 | 6.2 | 30.3% |
| Hungary | 2.7 | 2.6 | 2.4 | 3.0 | 3.6% |
| France | 0.2 | 0.7 | 1.3 | 2.6 | 135.1% |
| Iceland | 1.1 | 1.2 | 2.3 | 2.5 | 31.5% |
| Poland | 1.4 | 1.7 | 1.7 | 2.2 | 16.3% |
| Latvia | 0.9 | 0.7 | 1.1 | 1.7 | 23.6% |
| Italy | 0.4 | 1.0 | 6.1 | 1.2 | 44.2% |
| Taiwan (Chinese) | 0.9 | 0.8 | 1.6 | 0.9 | 0.0% |
| Faroe Islands | 1.0 | 0.4 | 0.6 | 0.5 | -20.6% |
| Others | 8.3 | 7.7 | 8.7 | 8.7 | 1.6% |
| Total | 42.7 | 40.7 | 52.5 | 62.7 | 13.7% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Denmark in 2022:
- Sweden (1849.1 tons)
- Netherlands (1400.0 tons)
- Germany (1269.4 tons)
- Norway (1043.9 tons)
- Finland (963.0 tons)
- Iceland (531.8 tons)
- Latvia (353.3 tons)
- Poland (339.4 tons)
- Hungary (328.1 tons)
- France (239.9 tons)
- Italy (157.2 tons)
- Taiwan (Chinese) (144.3 tons)
- Faroe Islands (117.7 tons)
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