Iceland: Market for Crude Steel And Steel Semi-Finished Products 2019

Market Size for Crude Steel And Steel Semi-Finished Products in Iceland

The revenue of the market for crude steel and steel semi-finished products in Iceland amounted to $X in 2018, going up 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). In general, consumption of crude steel and steel semi-finished products continues to indicate a conspicuous expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Iceland consumption of crude steel and steel semi-finished products peaked in 2018 and is expected to retain its growth in the near future.

Exports of Crude Steel And Steel Semi-Finished Products

Exports from Iceland

In 2018, approx. X tons of crude steel and steel semi-finished products were exported from Iceland; rising by X% against the previous year. In general, exports of crude steel and steel semi-finished products continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. In that year, exports of crude steel and steel semi-finished products reached their peak and are likely to continue its growth in the immediate term.

In value terms, exports of crude steel and steel semi-finished products totaled $X in 2018. Overall, exports of crude steel and steel semi-finished products continue to indicate outstanding growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports of crude steel and steel semi-finished products reached their maximum in 2018 and are likely to see steady growth in the near future.

Exports by Country

In 2018, Russia (X tons), distantly followed by Brazil (X tons), Ukraine (X tons) and Japan (X tons) were the key exporters of crude steel and steel semi-finished products, together making up X% of total exports. India (X tons), Mexico (X tons), Germany (X tons), Iran (X tons), France (X tons), the Netherlands (X tons), South Korea (X tons) and the United Arab Emirates (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 the United Arab Emirates, while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Brazil ($X) and Ukraine ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Japan, Germany, India, Mexico, Iran, France, the Netherlands, South Korea, the United Arab Emirates and Iceland, which together accounted for a further X terms of the main exporting countries, Iceland (+X% per year) 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 export price for crude steel and steel semi-finished products in Iceland amounted to $X per ton, going up by X% against the previous year. Over the period under review, the export price for crude steel and steel semi-finished products continues to indicate extraordinary growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X% year-to-year. Over the period under review, the export prices for crude steel and steel semi-finished products reached their peak figure in 2018 and is likely to continue its growth in the immediate term.

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

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

Imports of Crude Steel And Steel Semi-Finished Products

Imports into Iceland

In 2018, the imports of crude steel and steel semi-finished products into Iceland amounted to X tons, going up by X% against the previous year. Overall, imports of crude steel and steel semi-finished products continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of crude steel and steel semi-finished products reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, imports of crude steel and steel semi-finished products totaled $X in 2018. Over the period under review, imports of crude steel and steel semi-finished products continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. Over the period under review, imports of crude steel and steel semi-finished products attained their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

The imports of the eleven major importers of crude steel and steel semi-finished products, namely the U.S., Taiwan, Chinese, Turkey, Thailand, Italy, Indonesia, Germany, Belgium, the Philippines, South Korea and France, represented more than two-thirds of total import. Nepal (X tons) followed a long way behind the leaders.

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

In value terms, the largest crude steel and steel semi-finished products importing markets into Iceland were the U.S. ($X), Taiwan, Chinese ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by Turkey, Indonesia, Thailand, Germany, Belgium, South Korea, the Philippines, France, Nepal and Iceland, which together accounted for a further X terms of the main importing countries, Nepal 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 import price for crude steel and steel semi-finished products in Iceland stood at $X per ton in 2018, surging by X% against the previous year. Overall, the import price for crude steel and steel semi-finished products, however, continues to indicate a drastic reduction. The pace of growth was the most pronounced in 2014 when the import price increased by X% year-to-year. Over the period under review, the import prices for crude steel and steel semi-finished products reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices 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 France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform