Iceland: Bread And Bakery Market 2020

Bread And Bakery Market Size in Iceland

The revenue of the bread and bakery market in Iceland amounted to $X in 2018, rising by X% against the previous year. In general, bread and bakery consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Iceland bread and bakery consumption peaked in 2018 and is likely to see steady growth in the near future.

Bread And Bakery Production in Iceland

In value terms, bread and bakery production amounted to $X in 2018 estimated in export prices. Overall, bread and bakery production continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, bread and bakery production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Bread And Bakery Exports

Exports from Iceland

In 2018, approx. X tons of bread and bakery were exported from Iceland; stabilizing at the previous year. Overall, bread and bakery exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Iceland exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, bread and bakery exports stood at $X in 2018. Overall, bread and bakery exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, bread and bakery exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Germany (X tons), followed by Belgium (X tons), France (X tons), Canada (X tons), Mexico (X tons), the U.S. (X tons), the Netherlands (X tons), Poland (X tons) and Italy (X tons) represented the major exporters of bread and bakery, together mixing up X% of total exports. The following exporters - Spain (X tons), Turkey (X tons) and the UK (X tons) - 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 Mexico, while the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery markets from Iceland were Germany ($X), Canada ($X) and Italy ($X), together comprising X% of total exports. These countries were followed by France, Belgium, the Netherlands, the U.S., Poland, Mexico, the UK, Spain, Turkey and Iceland, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The bread and bakery export price in Iceland stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the bread and bakery export price continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. In that year, the export prices for bread and bakery reached their peak level of $X per ton. From 2014 to 2018, the growth in terms of the export prices for bread and bakery failed to regain its momentum.

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

Bread And Bakery Imports

Imports into Iceland

In 2018, approx. X tons of bread and bakery were imported into Iceland; remaining stable against the previous year. In general, the total imports indicated a moderate expansion 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, bread and bakery imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. In that year, bread and bakery imports attained their peak of X tons. From 2017 to 2018, the growth of bread and bakery imports failed to regain its momentum.

In value terms, bread and bakery imports totaled $X in 2018. Overall, the total imports indicated moderate growth 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, bread and bakery imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Iceland imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), followed by the UK (X tons), Germany (X tons) and France (X tons) represented the largest importers of bread and bakery, together achieving X% of total imports. The Netherlands (X tons), Canada (X tons), Belgium (X tons), Italy (X tons), Spain (X tons), China (X tons), Ireland (X tons) and Australia (X tons) held a relatively small 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 China, while the other leaders experienced more modest paces of growth.

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

In the U.S., bread and bakery imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (+X% per year) and Germany (+X% per year).

Import Prices by Country

The bread and bakery import price in Iceland stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the bread and bakery import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the import prices for bread and bakery reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for bread and bakery remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Ireland ($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, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform