Iceland: Generator Market 2020

Generator Market Size in Iceland

The revenue of the generator market in Iceland amounted to $X in 2018, jumping 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, generator consumption continues to indicate a drastic descent. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Iceland generator consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Generator Exports

Exports from Iceland

In 2018, the generator exports from Iceland totaled X units, dropping by -X% against the previous year. Over the period under review, generator exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Iceland exports peaked at X units in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

In value terms, generator exports totaled $X in 2018. Overall, generator exports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Iceland exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) represented the main exporter of electric generating sets and rotary converters, constituting X% of total exports. Spain (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%), Japan (X%) and Thailand (X%). Germany (X units), France (X units), China, Hong Kong SAR (X units) and the UK (X units) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to generator exports from China stood at -X%. At the same time, Thailand (+X%), the United Arab Emirates (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan experienced a relatively flat trend pattern. By contrast, France (-X%), China, Hong Kong SAR (-X%), the UK (-X%) and Germany (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.), Spain (+X p.p.) and Thailand (+X p.p.) significantly strengthened its position in terms of the global exports, while the UK, Germany and China saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest generator markets from Iceland were China ($X), Germany ($X) and Spain ($X), with a combined X% share of total exports. These countries were followed by the UK, Japan, France, Thailand, China, Hong Kong SAR, the United Arab Emirates and Iceland, which together accounted for a further X recorded the highest growth rate of 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

The generator export price in Iceland stood at $X per unit in 2018, increasing by X% against the previous year. In general, the generator export price, however, continues to indicate a deep drop. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. In that year, the export prices for electric generating sets and rotary converters reached their peak level of $X per unit. From 2016 to 2018, the growth in terms of the export prices for electric generating sets and rotary converters remained at a somewhat lower figure.

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

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

Generator Imports

Imports into Iceland

Generator imports into Iceland totaled X units in 2018, coming down by -X% against the previous year. Overall, generator imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, generator imports reached their maximum at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, generator imports stood at $X in 2018. Over the period under review, generator imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The imports of the five major importers of electric generating sets and rotary converters, namely South Africa, Mozambique, Angola, the U.S. and Nigeria, represented more than half of total import. It was distantly followed by Malaysia (X units), creating a X% share of total imports. The following importers - Russia (X units), Canada (X units), Greece (X units), Germany (X units) and Australia (X units) - 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 Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest generator importing markets into Iceland were the U.S. ($X), Germany ($X) and Russia ($X), with a combined X% share of total imports. Canada, Australia, South Africa, Nigeria, Greece, Malaysia, Angola, Mozambique and Iceland lagged somewhat behind, together comprising a further X the main importing countries, South Africa 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 generator import price in Iceland amounted to $X per unit, increasing by X% against the previous year. Overall, the generator import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Iceland import price peaked at $X per unit in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform