Iceland: Iron Bar Market 2020

Iron Bar Market Size in Iceland

The revenue of the iron bar market in Iceland amounted to $X in 2018, picking up 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). Over the period under review, iron bar consumption, however, continues to indicate a significant slump. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the iron bar market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Iron Bar Exports

Exports from Iceland

In 2018, the exports of bars and rods of iron or steel (hot-rolled) from Iceland stood at X tons, rising by X% against the previous year. In general, iron bar exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, iron bar exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, iron bar exports totaled $X in 2018. Over the period under review, iron bar exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, iron bar exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons), distantly followed by Turkey (X tons), Germany (X tons) and Italy (X tons) represented the key exporters of bars and rods of iron or steel (hot-rolled), together constituting X% of total exports. Japan (X tons), Russia (X tons), Spain (X tons), Ukraine (X tons), France (X tons), Poland (X tons), the Czech Republic (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to iron bar exports from China stood at +X%. At the same time, Russia (+X%), Poland (+X%), South Korea (+X%), Japan (+X%), Spain (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Czech Republic and France experienced a relatively flat trend pattern. By contrast, Turkey (-X%), Germany (-X%) and Ukraine (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Russia increased by +X% and +X% percentage points, while Ukraine (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Turkey ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Italy, Japan, Russia, Spain, France, Ukraine, South Korea, the Czech Republic, Poland and Iceland, which together accounted for a further X terms of the main exporting countries, Iceland recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the iron bar export price in Iceland amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the iron bar export price continues to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Iceland export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Iron Bar Imports

Imports into Iceland

Iron bar imports into Iceland amounted to X tons in 2018, jumping by X% against the previous year. Overall, iron bar imports, however, continue to indicate a temperate contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, iron bar imports amounted to $X in 2018. Over the period under review, iron bar imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons) and the U.S. (X tons) represented the major importers of bars and rods of iron or steel (hot-rolled) in 2018, amounting to approx. X% and X% of total imports, respectively. South Korea (X tons), the Netherlands (X tons), Italy (X tons), Thailand (X tons), France (X tons), Singapore (X tons), Belgium (X tons), Poland (X tons), China, Hong Kong SAR (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Thailand, South Korea, France, the Netherlands, Poland, Belgium, Singapore, Malaysia, China, Hong Kong SAR and Iceland, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the iron bar import price in Iceland amounted to $X per ton, standing approx. at the previous year. Overall, the iron bar import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% y-o-y. Over the period under review, the import prices for bars and rods of iron or steel (hot-rolled) attained their maximum at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while China, Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform