Iceland: Stainless Steel Angle Market 2020

Stainless Steel Angle Market Size in Iceland

The revenue of the stainless steel angle market in Iceland amounted to $X in 2018, going down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, stainless steel angle consumption continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the stainless steel angle market reached its maximum level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports from Iceland

In 2018, the amount of angles, shapes and sections of stainless steel or other alloy steel exported from Iceland amounted to X kg, rising by X% against the previous year. In general, stainless steel angle exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Iceland exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, stainless steel angle exports totaled $X in 2018. Over the period under review, stainless steel angle exports continue to indicate a deep deduction. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Iceland exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporter of angles, shapes and sections of stainless steel or other alloy steel in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. It was distantly followed by the UK (X tons) and India (X tons), together constituting a X% share of total exports. Russia (X tons), Sweden (X tons), Germany (X tons), Spain (X tons), the U.S. (X tons), South Korea (X tons), Vietnam (X tons), Italy (X tons) and Turkey (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Turkey (+X%), Vietnam (+X%), Spain (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. India experienced a relatively flat trend pattern. By contrast, Sweden (-X%), Germany (-X%), Russia (-X%), Italy (-X%), the UK (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Russia (-X p.p.), the U.S. (-X p.p.), the UK (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest stainless steel angle supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, stainless steel angle exports shrank by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: India (-X% per year) and Germany (-X% per year).

Export Prices by Country

The stainless steel angle export price in Iceland stood at $X per ton in 2018, going down by -X% against the previous year. Over the period under review, the stainless steel angle export price continues to indicate a dramatic deduction. The growth pace was the most rapid in 2017 when the export price increased by X% year-to-year. Over the period under review, the export prices for angles, shapes and sections of stainless steel or other alloy steel reached their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Iceland

In 2018, the amount of angles, shapes and sections of stainless steel or other alloy steel imported into Iceland amounted to X tons, reducing by -X% against the previous year. Overall, stainless steel angle imports continue to indicate a deep shrinkage. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, stainless steel angle imports attained their maximum at X tons in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, stainless steel angle imports amounted to $X in 2018. In general, stainless steel angle imports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Malaysia (X tons), Indonesia (X tons), the Philippines (X tons) and the U.S. (X tons) were the major importers of angles, shapes and sections of stainless steel or other alloy steel in the world, constituting X% of total import. Japan (X tons), Canada (X tons), Italy (X tons), Romania (X tons), Russia (X tons), Germany (X tons), Mexico (X tons) and the Netherlands (X tons) held a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Malaysia ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Italy, the Philippines, Indonesia, the Netherlands, Canada, Romania, Japan, Russia, Mexico and Iceland, which together accounted for a further X Philippines recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stainless steel angle import price in Iceland amounted to $X per ton, approximately equating the previous year. Overall, the stainless steel angle import price, however, continues to indicate a deep curtailment. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, the import prices for angles, shapes and sections of stainless steel or other alloy steel reached their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform