The import of iron, steel, and ferro-alloys to Denmark has experienced notable fluctuations over the past decade. Starting from 1.9503 billion kilograms in 2013, the volume gradually increased, hitting a significant spike in 2018 with 3.3667 billion kilograms. A period of stability follows with mild fluctuations around 3.35 billion kilograms from 2019 to 2022. By 2023, the import volume stood at 3.5769 billion kilograms.
Year-on-year variations saw dramatic shifts: a 56.36% increase in 2018, followed by modest changes, with the largest recent increase being 2.63% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is 1.22%.
Looking forward, the forecasted data suggests a steady upward trend in imports, with a five-year CAGR of 1.86%. By 2028, the imports are expected to reach 4.021 billion kilograms, indicating a 9.64% cumulative growth from 2024.
Future Trends to Watch:
- Global economic conditions impacting steel demand and pricing
- Technological advancements and their effects on steel production and import needs
- Trade policies and international relations affecting import values and tariffs