Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark - 2024

Contents:

1. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark (FOB) - 2024
2. Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark (CIF) - 2022
3. Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark
4. Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark (FOB) - 2024

In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $4,065 per ton, dropping by -9.5% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 19% against the previous month. As a result, the export price reached the peak level of $4,490 per ton, and then contracted in the following month.

Average prices varied noticeably for the major overseas markets. In January 2024, the countries with the highest prices were Switzerland ($5,759 per ton) and Iceland ($5,711 per ton), while the average price for exports to Norway ($4,642 per ton) and the UK ($5,524 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark (CIF) - 2022

The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $3,281 per ton in 2022, rising by 12% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 iron or non-alloy steel wire, plated or coated with zincs increased by +111.0% against 2015 indices. The growth pace was the most rapid in 2016 when the average import price increased by 26%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6,589 per ton), while the price for the Czech Republic ($2,262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of iron or non-alloy steel wire, plated or coated with zincs, which increased by 0.1% to 2.4K tons in 2022. The total export volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs reduced to $8.9M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports attained the peak of $9M, leveling off in the following year.

Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Denmark in 2022:

1. Germany (592.6 tons)
2. Netherlands (278.1 tons)
3. Poland (188.8 tons)
4. Sweden (177.8 tons)
5. Lithuania (149.8 tons)
6. Belgium (148.2 tons)
7. Austria (135.0 tons)
8. Estonia (105.3 tons)
9. Switzerland (85.8 tons)
10. Norway (84.2 tons)
11. Bulgaria (80.5 tons)
12. Italy (49.1 tons)

Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Denmark

In 2022, purchases abroad of iron or non-alloy steel wire, plated or coated with zincs was finally on the rise to reach 1.2K tons after two years of decline. Overall, imports, however, continue to indicate a noticeable shrinkage.

In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs soared to $3.9M in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Denmark in 2022:

1. Germany (453.6 tons)
2. Czech Republic (118.7 tons)
3. Austria (118.0 tons)
4. Poland (114.5 tons)
5. China (95.6 tons)
6. Italy (80.1 tons)
7. Slovakia (73.7 tons)
8. Sweden (53.9 tons)
9. Luxembourg (18.2 tons)
10. Netherlands (10.4 tons)

Source: IndexBox Market Intelligence Platform