Iron or steel fasteners market in Denmark

Earlier Report Observations

Between 2018 and 2022, the Danish market for iron or steel fasteners experienced shifts in volume, with a general increase in domestic production from 11 517 t to 16 192 t. This growth aligned with market emphasis on corrosion-resistant fasteners, especially stainless steel and hot-dip galvanized types, as well as rising demand for specialized items like lock nuts and washers, which catered to durability needs in construction and industry.

Market volume, however, fluctuated over the period, peaking at 58 885 t in 2022 after a drop in 2021, then declining sharply to 42 058 t in 2023. The rebound to 45 549 t in 2024 occurred alongside a recovery in production to 14 073 t, though overall market size remained below 2018 levels.

The market continued to be led by private suppliers such as Bossard and Pajo-Bolte A/S, with a strong focus on standardization and compliance with ISO and DIN norms, supporting consistent quality and application safety across sectors.

Production iron or steel fasteners in Denmark

In value, 2018-2021, M $ US

Denmark's production of iron or steel fasteners, measured in monetary value, declined after two years of growth. In 2021, output was valued at 96.2 million US dollars, marking a modest 4.5% decrease from 2020. Production peaked in 2020 at 100.7 million US dollars. Over the period from 2018 to 2021, production increased by 26.4%, which translates to an annualized growth rate of 8.1%. The largest annual increase occurred in 2019, with a 16.9% rise.

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

In kind, 2018-2021, t

Denmark's production of iron or steel fasteners, measured in volume, increased for the third consecutive year. In 2021, output reached 16,001 tonnes, up 5.4% from the previous year. From 2018 to 2021, production grew by 38.9%, with a compound annual growth rate (CAGR) of 11.6%.

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

Exports iron or steel fasteners from Denmark

Exports in kind, t

Denmark's export volume of iron or steel fasteners showed robust growth in 2021, totaling 40,257 tonnes, a 12.2% increase from the previous year. Over the period from 2018 to 2021, exports increased by 18.4%, with a CAGR of 5.8%. The largest decline was recorded in 2020, with a 3.5% drop.

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

From 2018 to 2021, three main markets—Germany, Sweden, and Norway—collectively accounted for 57.8% of Denmark's total export volume of iron or steel fasteners.

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, M $ US

Denmark's exports of iron or steel fasteners, measured in monetary value, increased for the third consecutive year. In 2021, exports reached 260.7 million US dollars, reflecting a steep 27.2% rise compared to 2020. Over the period from 2018 to 2021, exports grew by 45.5%, with a CAGR of 13.3%.

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

During 2018–2021, Germany, Sweden, and Norway were important buyers of iron or steel fasteners from Denmark, with shares of 28.2%, 8.4%, and 8.2% of total export value, respectively. However, their combined share was only 44.8%, while the remaining 55.2% was distributed among many other trading partners.

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 or steel fasteners to Denmark

Imports in kind, t

Denmark's import volume of iron or steel fasteners declined for the second consecutive year. In 2021, imports totaled 76,860 tonnes, marking a slight 1.5% decrease from 2020. Imports peaked in 2019 at 82,366 tonnes. The largest decline occurred in 2020, with a 5.3% drop, while the largest increase was in 2019, with a 7.9% rise.

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

Throughout 2018–2021, Germany, China, and Asia (not elsewhere specified) were the key partners for Denmark's imports of iron or steel fasteners by volume, with shares of 29.1%, 12.8%, and 12.4%, respectively. Together, they accounted for 54.3% of total import flows.

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, M $ US

After a two-year reduction, Denmark's imports of iron or steel fasteners, measured in monetary value, increased in 2021. Imports totaled 341.0 million US dollars, showing a 20.1% improvement from the previous year. The minimum value was recorded in 2020 at 283.8 million US dollars. Over the period from 2018 to 2021, imports increased by 8.1%, equating to an annualized growth rate of 2.6%. The largest decline occurred in 2019, with a 6.5% drop.

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

From 2018 to 2021, Germany, Asia (not elsewhere specified), and China were the leading destinations in Denmark's import structure by value, with shares of 31.3%, 10.3%, and 9.3%, respectively. Together, they accounted for 50.9% of total import flows.

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

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