Iceland: Glass Container Market 2020

Glass Container Market Size in Iceland

The revenue of the glass container market in Iceland amounted to $X in 2018, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the glass container market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Glass Container Production in Iceland

In value terms, glass container production stood at $X in 2018 estimated in export prices. Over the period under review, glass container production continues to indicate a strong expansion. The growth pace was the most rapid in 2010 when production volume increased by X% against the previous year. Iceland glass container production peaked in 2018 and is likely to see steady growth in the immediate term.

Glass Container Exports

Exports from Iceland

Glass container exports from Iceland amounted to X units in 2018, reducing by -X% against the previous year. Overall, glass container exports continue to indicate a drastic reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, glass container exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, glass container exports stood at $X in 2018. Overall, glass container exports continue to indicate a moderate slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Iceland exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of glass container exports in 2018 were China (X units), Germany (X units) and Portugal (X units), together reaching X% of total export. Spain (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by the Netherlands (X%). The following exporters - Poland (X units), France (X units), Mexico (X units), Russia (X units), Italy (X units), the U.S. (X units) and the Czech Republic (X units) - together made up X% of total exports.

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

In value terms, the largest glass container markets from Iceland were China ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports.

China recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the glass container export price in Iceland amounted to $X per unit, remaining constant against the previous year. In general, the glass container export price continues to indicate remarkable growth. The growth pace was the most rapid in 2010 an increase of X% y-o-y. In that year, the export prices for bottles, jars and other containers of glass attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for bottles, jars and other containers of glass failed to regain its momentum.

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

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

Glass Container Imports

Imports into Iceland

In 2018, approx. X units of bottles, jars and other containers of glass were imported into Iceland; going up by X% against the previous year. Overall, the total imports indicated noticeable growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, glass container imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. In that year, glass container imports attained their peak of X units. From 2017 to 2018, the growth of glass container imports remained at a lower figure.

In value terms, glass container imports totaled $X in 2018. Overall, the total imports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, glass container imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, glass container imports attained their peak figure at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X units), France (X units), Spain (X units), Belgium (X units), Italy (X units) and Germany (X units) represented roughly X% of total imports of bottles, jars and other containers of glass in 2018. The following importers - the Netherlands (X units), Mexico (X units), Australia (X units), Portugal (X units), Poland (X units) and Canada (X units) - each finished at an X% 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 Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Spain, Belgium, Germany, Canada, Poland, the Netherlands, Mexico, Australia, Portugal and Iceland, which together accounted for a further X terms of the main importing countries, Portugal recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass container import price in Iceland amounted to $X per unit, jumping by X% against the previous year. Overall, the import price indicated a modest increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the import prices for bottles, jars and other containers of glass attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the import prices for bottles, jars and other containers of glass remained at a lower figure.

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

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

Source: IndexBox Platform