Iron and steel wire market in Denmark

Earlier Report Observations

The Danish iron and steel wire market volume expanded from 26,060 t in 2018 to 32,469 t in 2019. This growth was interrupted in 2020 when the market contracted to 23,489 t, largely due to the COVID-19 pandemic which shifted demand and disrupted supply chains across Europe.

Market volume rebounded sharply to 36,587 t in 2021, coinciding with reported increases in import prices for steel wire in Europe, suggesting stronger demand. However, by 2022 volume fell to 29,571 t as import prices for stainless steel wire reached record highs, likely dampening consumption. A further slight decrease to 27,611 t followed in 2023.

In 2024, the market grew again to 29,481 t amid evolving regulatory conditions, including the EU Commission's monitoring of scrap exports and broader influences from energy costs and environmental rules on the European steel sector. Looking ahead, preparations for the EU Carbon Border Adjustment Mechanism and new Safeguards affecting import competition began shaping the market environment.

Production iron and steel wire in Denmark

In value, 2018-2021, K $ US

In 2021, Denmark's iron and steel wire production was valued at 76.2 thousand US dollars, marking a significant 49.8% decrease from 2020. Production peaked in 2020 at 151.9 thousand US dollars, which saw the largest annual increase of 69.1%. Over the period from 2018 to 2021, overall production declined by 30.5%, translating to an average annual decrease of 11.4%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, kg

Denmark produced 18,529 kilograms of iron and steel wire in 2021, representing a 54.5% drop compared to the previous year. The largest annual increase occurred in 2020 at 19.6%. From 2018 to 2021, production fell by 57.2%, with a compound annual growth rate of negative 24.7%.

Annual dynamics of production in Denmark in kind, 2018-2021, kg

Exports iron and steel wire from Denmark

Exports in kind, t

Denmark's exports of iron and steel wire have grown for the third year in a row. In 2021, the country exported 5,030 tonnes, up 5.9% from 2020. Over the 2018-2021 period, exports increased by 37%, averaging an 11.1% annual growth rate.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany, Sweden, and Norway were the top destinations for Denmark's iron and steel wire exports by volume. Germany accounted for 31.2% of exports, Sweden for 16.3%, and Norway for 9.2%. Together, these three countries made up 56.6% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's iron and steel wire export value has risen for three consecutive years. In 2021, exports totaled 17,983 thousand US dollars, showing a strong 18.2% year-over-year gain. Between 2018 and 2021, export value grew by 47.5%, with a compound annual growth rate of 13.8%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

In terms of value from 2018 to 2021, Germany, Sweden, and the Netherlands were the leading export markets for Denmark's iron and steel wire. Germany represented 30.4% of export value, Sweden 11.5%, and the Netherlands 9.4%. Combined, these three countries contributed 51.3% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports iron and steel wire to Denmark

Imports in kind, t

Denmark imported 28,200 tonnes of iron and steel wire in 2021, a 47.5% increase from the previous year. Imports hit their lowest point in 2020 at 28,200 tonnes, which also saw the largest annual decline of 22.9%. Over the 2018-2021 period, imports grew by 40.1%, with an average annual increase of 11.9%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Between 2018 and 2021, Germany, the United Kingdom, and Croatia were key suppliers of iron and steel wire to Denmark by volume. Germany provided 21.0% of imports, the United Kingdom 14.7%, and Croatia 13.9%. However, their combined share was 49.5%, with the remaining 50.5% coming from numerous other partners.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Denmark's iron and steel wire import market showed volatility from 2018 to 2021. Imports reached their lowest point in 2020 at 49,338 thousand US dollars, which experienced the largest annual decline of 23.3%. In 2021, imports surged to 91,328 thousand US dollars, an 85.1% jump from 2020, marking the peak with a 1.9-fold increase over the low point.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

The composition of Denmark's iron and steel wire imports by value from 2018 to 2021 was diverse. Germany accounted for 16.7% of import value, Austria for 12.2%, and the United Kingdom for 11.1%. Together, these three countries made up only 40.0% of total import value, with the remaining 60.0% spread across a wide range of other sources.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021