Price for Stainless Steel in Ingots or Other Primary Forms in Denmark - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Denmark (FOB) - 2023
- Price for Stainless Steel in Ingots or Other Primary Forms in Denmark (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Denmark
- Imports of Stainless Steel in Ingots or Other Primary Forms in Denmark
Price for Stainless Steel in Ingots or Other Primary Forms in Denmark (FOB) - 2023
The average export price for stainless steel in ingots or other primary forms stood at $20,541 per ton in August 2023, declining by -7.9% against the previous month. In general, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in February 2023 an increase of 75% month-to-month. Over the period under review, the average export prices attained the peak figure at $41,555 per ton in March 2023; however, from April 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($41,079 per ton), while the average price for exports to Vietnam ($3,985 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Denmark (CIF) - 2022
In 2022, the average import price for stainless steel in ingots or other primary forms amounted to $7,734 per ton, rising by 18% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 151%. Over the period under review, average import prices hit record highs at $14,210 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($28,167 per ton), while the price for Poland ($6,097 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel in Ingots or Other Primary Forms in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of stainless steel in ingots or other primary forms, when their volume decreased by -58% to 1.6K tons. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year.
In value terms, exports of stainless steel in ingots or other primary forms rose to $23M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Stainless Steel in Ingots or Other Primary Forms in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.0 | 2.3 | 3.3 | 4.8 | 33.9% |
| Germany | 1.8 | 5.2 | 7.1 | 4.8 | 38.7% |
| Sweden | 2.9 | 2.5 | 3.0 | 3.2 | 3.3% |
| Lithuania | 2.6 | 1.4 | 2.1 | 2.6 | 0.0% |
| Italy | N/A | 1.1 | 2.5 | 1.4 | 12.8% |
| Slovakia | 0.2 | 0.5 | 0.7 | 1.3 | 86.6% |
| United States | 1.0 | 0.6 | 1.5 | 1.1 | 3.2% |
| Belgium | 0.4 | 0.9 | 0.6 | 0.7 | 20.5% |
| France | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Spain | N/A | N/A | N/A | 0.5 | 0% |
| Vietnam | 0.3 | 0.4 | 0.6 | 0.4 | 10.1% |
| Netherlands | N/A | 0.2 | N/A | 0.3 | 22.5% |
| Norway | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Others | 0.5 | 0.4 | 0.4 | 0.9 | 21.6% |
| Total | 12.2 | 15.9 | 22.2 | 22.7 | 23.0% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Denmark in 2022:
- Germany (627.2 tons)
- Poland (183.0 tons)
- Italy (172.7 tons)
- Sweden (102.5 tons)
- Vietnam (98.1 tons)
- Lithuania (86.6 tons)
- Belgium (69.4 tons)
- France (62.3 tons)
- Slovakia (42.2 tons)
- Netherlands (35.0 tons)
- United States (34.7 tons)
- Spain (28.8 tons)
- Norway (6.6 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Denmark
In 2022, supplies from abroad of stainless steel in ingots or other primary forms decreased by -28% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 522% against the previous year. As a result, imports attained the peak of 4.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of stainless steel in ingots or other primary forms declined markedly to $9.4M in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 131% against the previous year. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Stainless Steel in Ingots or Other Primary Forms in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | 5.1 | 7.2 | 4.2 | -9.3% |
| Vietnam | 1.3 | 1.4 | 1.8 | 2.4 | 22.7% |
| Poland | 0.3 | 1.6 | N/A | 1.3 | 63.0% |
| India | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| United Kingdom | 0.7 | 0.3 | 0.3 | 0.3 | -24.6% |
| Sweden | 0.1 | 0.5 | 0.2 | 0.3 | 44.2% |
| Germany | 1.4 | 0.6 | 0.1 | 0.1 | -58.5% |
| China | 0.9 | 1.7 | 0.8 | 0.1 | -51.9% |
| Others | 0.5 | 1.4 | 0.3 | 0.4 | -7.2% |
| Total | 5.5 | 12.6 | 11.1 | 9.4 | 19.6% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Denmark in 2022:
- Norway (638.6 tons)
- Vietnam (269.9 tons)
- Poland (207.3 tons)
- India (27.5 tons)
- Sweden (22.9 tons)
- China (14.0 tons)
- United Kingdom (12.3 tons)
- Germany (7.7 tons)
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