Iceland: Cement Market 2020

Cement Market Size in Iceland

The revenue of the cement market in Iceland amounted to $X in 2018, surging by X% against the previous year. In general, the total market indicated mild 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, cement consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the cement market reached its maximum level in 2018 and is likely to see steady growth in the immediate term.

Cement Production in Iceland

In value terms, cement production stood at $X in 2018 estimated in export prices. Over the period under review, cement production continues to indicate a significant slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, cement production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Cement Exports

Exports from Iceland

In 2018, approx. X kg of cement were exported from Iceland; going down by -X% against the previous year. Overall, cement exports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, cement exports attained their maximum at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, cement exports stood at $X in 2018. Over the period under review, cement exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, cement exports attained their peak figure at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), Germany (X tons), Canada (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Turkey (X tons), Pakistan (X tons), Greece (X tons), Spain (X tons), Japan (X tons), Senegal (X tons) and Slovakia (X tons) represented the largest exporters of cement in the world, generating X% of total export.

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

In value terms, the largest cement markets from Iceland were Germany ($X), China ($X) and Canada ($X), together comprising X% of total exports. These countries were followed by Turkey, Vietnam, the United Arab Emirates, Spain, Senegal, Pakistan, Greece, Japan, Slovakia and Iceland, which together accounted for a further X United Arab Emirates experienced 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 cement export price in Iceland amounted to $X per ton, surging by X% against the previous year. Overall, the cement export price, however, continues to indicate a significant descent. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, the export prices for cement reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Greece ($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 mixed trends in the export price figures.

Cement Imports

Imports into Iceland

In 2018, the cement imports into Iceland amounted to X tons, rising by X% against the previous year. Overall, cement imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, cement imports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, cement imports amounted to $X in 2018. Overall, cement imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Iceland imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons), followed by Sri Lanka (X tons) were the largest importers of cement, together committing X% of total imports. China, Hong Kong SAR (X tons), the Philippines (X tons), Oman (X tons), Singapore (X tons), France (X tons), the UK (X tons), the Netherlands (X tons), Palestine (X tons), Cambodia (X tons) and Mali (X tons) occupied a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Oman (+X%), China, Hong Kong SAR (+X%), Cambodia (+X%), Sri Lanka (+X%), Mali (+X%), Palestine (+X%), the UK (+X%), Singapore (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. The Philippines (+X p.p.), Sri Lanka (+X p.p.), China, Hong Kong SAR (+X p.p.), Oman (+X p.p.), the U.S. (+X p.p.) and Cambodia (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., cement imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the cement import price in Iceland amounted to $X per ton, rising by X% against the previous year. Over the period under review, the cement import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. In that year, the import prices for cement reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for cement 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 the Netherlands ($X per ton), while Singapore ($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