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Industry revenue of “manufacture of metal structures“ in Denmark 2012-2024

Over the years, building construction and other specialised construction activities have witnessed a rise in Denmark. This usually augurs well for the metal structure manufacturing industry, as it facilities demand for aluminum structures, metal frameworks etc. However, such has not been the case with the Danish metal structures and parts of structures manufacturing industry, with revenues projected to decline from 2.4 billion U.S. dollars in 2017 to 2.2 billion U.S. dollars by 2024. The key reason is the falling domestic production, owing to the cost overruns, high labor wages and lower utilization levels. Majority of the production has been outsourced to lower cost bases, mainly in the Asia pacific region such as China, India, Malaysia and Japan, which have especially benefitted from lower labor wages and lower tariff rates. Therefore, it isn’t surprising to see that they are fast emerging as the leading producers of metals.

The falling trend in production can in fact be observed in many other European nations including Latvia, Sweden, and Norway to name a few.

Industry revenue of “manufacture of metal structures“ in Denmark from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.120

The industry classification is based on the NACE Rev.2 - system in Denmark. The industry “manufacture of metal structures and parts of structures“ has the code “C2511“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Denmark"

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