Iceland: Carbonate Market 2020

Carbonate Market Size in Iceland

The revenue of the carbonate market in Iceland amounted to $X in 2018, reducing 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, carbonate consumption, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Over the period under review, the carbonate market attained its maximum level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Carbonate Exports

Exports from Iceland

Carbonate exports from Iceland totaled X tons in 2018, going down by -X% against the previous year. Over the period under review, carbonate exports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Iceland exports peaked at X tons in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

In value terms, carbonate exports amounted to $X in 2018. In general, carbonate exports continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Iceland exports peaked at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, the U.S. (X tons), distantly followed by Turkey (X tons), China (X tons), Bulgaria (X tons) and Germany (X tons) were the main exporters of carbonates and peroxocarbonates, together constituting X% of total exports. Russia (X tons), Spain (X tons), Vietnam (X tons), Poland (X tons), Norway (X tons), France (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 exports, amongst the main exporting countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Germany, Bulgaria, Russia, France, Spain, Poland, Vietnam, Malaysia, Norway and Iceland, which together accounted for a further X Nam experienced the highest growth rate of exports, in terms of 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 carbonate export price in Iceland amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the carbonate export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Iceland export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Norway ($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.

Carbonate Imports

Imports into Iceland

In 2018, the imports of carbonates and peroxocarbonates into Iceland stood at X tons, declining by -X% against the previous year. Overall, carbonate imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Iceland imports peaked at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, carbonate imports totaled $X in 2018. Over the period under review, carbonate imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, India (X tons), followed by Germany (X tons), Mexico (X tons), Indonesia (X tons) and Brazil (X tons) were the key importers of carbonates and peroxocarbonates, together making up X% of total imports. The following importers - Belgium (X tons), Thailand (X tons), South Korea (X tons), Saudi Arabia (X tons), Italy (X tons), Finland (X tons) and France (X tons) - together made up X% 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest carbonate importing markets into Iceland were South Korea ($X), India ($X) and Mexico ($X), together accounting for X% of total imports.

Among the main importing countries, India recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The carbonate import price in Iceland stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Iceland import price peaked in 2018 and is likely to continue its growth in the near future.

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

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

Source: IndexBox Platform