Price for Steel, Stainless; Angles, Shapes and Sections in Denmark - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Denmark (FOB) - 2023
- Price for Steel, Stainless; Angles, Shapes and Sections in Denmark (CIF) - 2022
- Exports of Steel, Stainless; Angles, Shapes and Sections in Denmark
- Imports of Steel, Stainless; Angles, Shapes and Sections in Denmark
Price for Steel, Stainless; Angles, Shapes and Sections in Denmark (FOB) - 2023
In December 2023, the average export price for steel, stainless amounted to $8,307 per ton, increasing by 7.5% against the previous month. Overall, the export price, however, recorded a mild setback. The pace of growth was the most pronounced in June 2023 when the average export price increased by 34% against the previous month. Over the period under review, the average export prices reached the peak figure at $9,998 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($18,441 per ton), while the average price for exports to Lithuania ($517 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Denmark (CIF) - 2022
The average import price for steel, stainless stood at $7,086 per ton in 2022, picking up by 39% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 steel, stainless increased by +90.2% against 2016 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 Poland ($13,010 per ton), while the price for India ($2,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Angles, Shapes and Sections in Denmark
In 2022, exports of steel, stainless from Denmark amounted to 1.9K tons, picking up by 3.5% on the previous year's figure. Over the period under review, exports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 7.3%. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, stainless totaled $15M in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.5 | 2.6 | 3.3 | 3.3 | 9.7% |
| Hungary | 2.3 | 2.2 | 2.0 | 1.7 | -9.6% |
| Norway | 1.4 | 1.7 | 0.3 | 1.5 | 2.3% |
| Sweden | 2.3 | 1.1 | 1.0 | 1.3 | -17.3% |
| France | N/A | 0.6 | 1.3 | 1.3 | 47.2% |
| Canada | 0.7 | 0.7 | 1.4 | 1.1 | 16.3% |
| Netherlands | 0.4 | 0.7 | 0.6 | 1.0 | 35.7% |
| United States | 0.8 | 0.2 | 0.6 | 0.8 | 0.0% |
| Iceland | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Finland | 0.5 | 0.5 | 0.3 | 0.5 | 0.0% |
| Austria | 0.6 | 0.4 | 0.6 | 0.5 | -5.9% |
| Belgium | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| South Korea | N/A | 1.4 | N/A | N/A | 0% |
| Others | 2.5 | 1.8 | 2.0 | 1.2 | -21.7% |
| Total | 14.6 | 14.4 | 13.8 | 14.9 | 0.7% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Denmark in 2022:
- Norway (365.0 tons)
- Germany (291.7 tons)
- Sweden (242.9 tons)
- Netherlands (191.3 tons)
- Hungary (148.2 tons)
- France (111.0 tons)
- Canada (89.1 tons)
- Finland (88.5 tons)
- Iceland (73.2 tons)
- United States (51.9 tons)
- Austria (39.0 tons)
- Belgium (34.3 tons)
- South Korea (0.5 tons)
Imports of Steel, Stainless; Angles, Shapes and Sections in Denmark
After two years of decline, supplies from abroad of steel, stainless increased by 67% to 2.9K tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless skyrocketed to $11M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.8 | 1.4 | 2.0 | 3.4 | 23.6% |
| Netherlands | 0.9 | 1.0 | 1.1 | 2.8 | 46.0% |
| Germany | 1.2 | 1.8 | 1.5 | 2.0 | 18.6% |
| Italy | 3.0 | 2.1 | 0.8 | 0.7 | -38.4% |
| Sweden | 0.8 | 1.2 | 1.0 | 0.4 | -20.6% |
| Poland | 1.3 | 1.0 | 0.1 | 0.3 | -38.7% |
| Switzerland | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| China | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
| Spain | 1.2 | 1.0 | 0.5 | 0.3 | -37.0% |
| Others | 0.3 | 0.3 | 0.2 | 0.4 | 10.1% |
| Total | 10.6 | 10.0 | 8.0 | 11.0 | 1.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Denmark in 2022:
- India (1479.3 tons)
- Netherlands (683.7 tons)
- Germany (225.7 tons)
- Italy (185.1 tons)
- China (87.5 tons)
- Sweden (55.9 tons)
- Switzerland (48.3 tons)
- Spain (42.8 tons)
- Poland (21.3 tons)
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