Iceland: Aircraft Market 2020

Aircraft Market Size in Iceland

The revenue of the aircraft market in Iceland amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, aircraft consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Iceland aircraft consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Aircraft Production in Iceland

In value terms, aircraft production stood at $X in 2018 estimated in export prices. Overall, aircraft production continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, aircraft production reached its peak figure level at $X in 2017, leveling off in the following year.

Aircraft Exports

Exports from Iceland

Aircraft exports from Iceland amounted to X units in 2018, jumping by X% against the previous year. Overall, aircraft exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. In that year, aircraft exports reached their peak of X units. From 2014 to 2018, the growth of aircraft exports failed to regain its momentum.

In value terms, aircraft exports amounted to $X in 2018. Overall, aircraft exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, aircraft exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Iran was the key exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by China (X units), generating a X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to aircraft exports from Iran stood at +X%. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Iran (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest aircraft supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Iran ($X), with a X% share of global exports.

In China, aircraft exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Iran (+X% per year) and Iceland (+X% per year).

Export Prices by Country

The aircraft export price in Iceland stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the aircraft export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% y-o-y. Over the period under review, the export prices for airplanes and other aircraft reached their maximum at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per unit), while Iran amounted to $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran (+X% per year).

Aircraft Imports

Imports into Iceland

In 2018, approx. X units of airplanes and other aircraft were imported into Iceland; waning by -X% against the previous year. In general, aircraft imports continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, aircraft imports reached their maximum at X units in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, aircraft imports totaled $X in 2018. Over the period under review, aircraft imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, aircraft imports attained their maximum at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany was the largest importing country with an import of around X units, which reached X% of total imports. It was distantly followed by Brazil (X units), creating a X% share of total imports. The UK (X units) occupied a relatively small share of total imports.

Germany was also the fastest-growing in terms of the airplanes and other aircraft imports, with a CAGR of +X% from 2007 to 2018. At the same time, Brazil (+X%) and the UK (+X%) displayed positive paces of growth. Germany (+X p.p.), Brazil (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported airplanes and other aircraft into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the UK, aircraft imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Germany (-X% per year).

Import Prices by Country

The aircraft import price in Iceland stood at $X per unit in 2018, falling by -X% against the previous year. Over the period under review, the aircraft import price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the import prices for airplanes and other aircraft attained their maximum at $X per unit in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform