Iron or steel reservoirs and tanks with capacity >300 l market in Denmark

Earlier Report Observations

The market for iron or steel reservoirs and tanks in Denmark demonstrated considerable expansion from 2018 to 2024, with the total market value rising from 84.8 million USD to 150.3 million USD. This growth was punctuated by a temporary contraction in 2020, after which the market resumed its upward trajectory.

A sharp acceleration occurred in 2023, when the market size increased by over 47% to reach 148.4 million USD, before stabilizing near 150.3 million USD in 2024. Domestic production mirrored this robust growth, increasing from 79.6 million USD to 126.5 million USD over the same period.

While import values fluctuated, peaking in 2021, export values generally declined from 31.6 million USD in 2018 to 24.2 million USD in 2024, indicating a shift in the market's trade dynamics alongside its overall expansion.

Production iron or steel reservoirs and tanks with capacity >300 l in Denmark

In value, 2018-2021, K $ US

In 2021, Denmark's output of iron or steel reservoirs and tanks with a capacity exceeding 300 liters was valued at 78 391 thousand US dollars, showing virtually no change from 2020. The most significant decline occurred in 2020, when the value dropped by 1.4%.

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

In kind, 2018-2021, t

Denmark's production volume of iron or steel reservoirs and tanks with a capacity over 300 liters declined in 2021 after a two-year rise. That year, 4 644 tons were produced, reflecting a 22.9% decrease compared to 2020. Over the period from 2018 to 2021, production fell by 3.4%, with a compound annual growth rate of 1.1%. The peak was recorded in 2020 at 6 022 tons, while the largest increase occurred in 2019 with a 19.6% rise.

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

Exports iron or steel reservoirs and tanks with capacity >300 l from Denmark

Exports in kind, t

Exports of iron or steel reservoirs and tanks with a capacity exceeding 300 liters from Denmark increased in 2021 after a two-year decline. Exports reached 5 774 tons, marking a sharp year-over-year advance of 57.1%. Between 2018 and 2021, exports grew by 48.1%, equating to an annualized rate of 14.0%. The lowest point was in 2020 at 3 676 tons, with the largest decline that year at 4.2%.

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

From 2018 to 2021, Norway, Germany, and Sweden were the main destinations for Denmark's exports in kind of iron or steel reservoirs and tanks with a capacity over 300 liters. Norway accounted for 24.9% of exports, Germany for 18.4%, and Sweden for 9.7%, together making up 53.0% of total 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 exports of iron or steel reservoirs and tanks with a capacity exceeding 300 liters increased in 2021 after a two-year drop. Exports totaled 34 801 thousand US dollars, representing a 26.2% rise year-over-year. Between 2018 and 2021, exports grew by 10.3%, with an annualized rate of 3.3%. The minimum value was recorded in 2020 at 27 573 thousand US dollars, and the largest decline occurred in 2019 at 8.1%.

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

Throughout 2018 to 2021, Norway, Germany, and Sweden remained the key partners for Denmark's exports in value terms. Norway accounted for 37.0% of exports, Germany for 12.6%, and Sweden for 9.3%, together comprising 58.8% of total flows.

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 reservoirs and tanks with capacity >300 l to Denmark

Imports in kind, t

In 2021, Denmark's imports of iron or steel reservoirs and tanks with a capacity over 300 liters amounted to 8 343 tons, indicating an 18.4% improvement compared to 2020. Over the period from 2018 to 2021, imports increased by 21%, with a compound annual growth rate of 6.6%. The maximum value was recorded in 2019 at 9 655 tons, with the largest decline in 2020 at 27.0% and the largest increase in 2019 at 40.0%.

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

From 2018 to 2021, Germany, Poland, and Sweden were the three principal markets for Denmark's imports in kind of iron or steel reservoirs and tanks with a capacity exceeding 300 liters, together accounting for 79.1% of total imports.

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 imported 55 968 thousand US dollars worth of iron or steel reservoirs and tanks with a capacity over 300 liters in 2021, marking a sharp increase of 64.4% relative to the prior year. Over the period from 2018 to 2021, imports grew by 52.4%, with a compound annual growth rate of 15.1%. The minimum value was in 2020 at 34 041 thousand US dollars, with the largest decline that year at 24.4%.

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

In 2018 to 2021, Germany, Poland, and the Netherlands formed the main group of destinations for Denmark's imports in value terms of iron or steel reservoirs and tanks with a capacity exceeding 300 liters. Germany accounted for 46.0% of imports, Poland for 19.5%, and the Netherlands for 6.8%, together making up 72.2% of total flows.

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

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