Iceland: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2019

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Iceland

The revenue of the electrical board and console market in Iceland amounted to $X in 2018, jumping 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, electrical board and console consumption continues to indicate a deep decrease. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the electrical board and console market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Iceland

Electrical board and console exports from Iceland amounted to X units in 2018, going down by -X% against the previous year. Overall, electrical board and console exports continue to indicate an abrupt decrease. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Iceland exports peaked at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, electrical board and console exports totaled $X in 2018. In general, electrical board and console exports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, electrical board and console exports attained their maximum at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Germany (X units), Turkey (X units) and France (X units) represented the key exporters of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, together comprising X% of total exports. The United Arab Emirates (X units), South Korea (X units), Italy (X units), the Czech Republic (X units), Spain (X units), Estonia (X units), India (X units) and Portugal (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to electrical board and console exports from China stood at +X%. At the same time, Estonia (+X%), the United Arab Emirates (+X%), Portugal (+X%), India (+X%), Spain (+X%), Turkey (+X%), South Korea (+X%), Germany (+X%), the Czech Republic (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of China, Germany, Turkey, the United Arab Emirates, Estonia, Spain, India, Portugal and South Korea increased by +X%, +X%, +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical board and console markets from Iceland were China ($X), Germany ($X) and France ($X), together accounting for X% of total exports. Italy, the Czech Republic, Turkey, South Korea, Spain, Portugal, India, Estonia, the United Arab Emirates and Iceland lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Estonia 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 electrical board and console export price in Iceland amounted to $X per unit, going down by -X% against the previous year. Over the period under review, the electrical board and console export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2010 when the export price increased by X% y-o-y. Iceland export price peaked at $X per unit in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Iceland

In 2018, the electrical board and console imports into Iceland totaled X units, coming down by -X% against the previous year. Over the period under review, electrical board and console imports continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, electrical board and console imports amounted to $X in 2018. In general, electrical board and console imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

India (X units), the U.S. (X units), Russia (X units), Finland (X units), Indonesia (X units), Saudi Arabia (X units), Vietnam (X units), Iraq (X units), the United Arab Emirates (X units), Qatar (X units), South Korea (X units) and Malaysia (X units) represented roughly X% of total imports of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in 2018.

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

In value terms, the largest electrical board and console importing markets into Iceland were the U.S. ($X), India ($X) and Saudi Arabia ($X), together comprising X% of total imports.

India 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 electrical board and console import price in Iceland amounted to $X per unit, surging by X% against the previous year. In general, the electrical board and console import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v reached their peak figure in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per unit), while Finland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform