Iceland: Diagnostic Equipment Market 2020

Diagnostic Equipment Market Size in Iceland

The revenue of the diagnostic equipment market in Iceland amounted to $X in 2018, coming down 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, diagnostic equipment consumption continues to indicate a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the diagnostic equipment market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Diagnostic Equipment Exports

Exports from Iceland

In 2018, approx. X tons of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were exported from Iceland; coming down by -X% against the previous year. Overall, diagnostic equipment exports, however, continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, diagnostic equipment exports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, diagnostic equipment exports amounted to $X in 2018. Over the period under review, diagnostic equipment exports, however, continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Iceland exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, Germany (X tons), the U.S. (X tons) and China (X tons) represented the key exporters of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus in the world, comprising X% of total export. The Netherlands (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by the UK (X%) and Japan (X%). Italy (X tons), South Korea (X tons), Mexico (X tons), France (X tons) and Austria (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 Iceland, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Japan, the Netherlands, South Korea, Mexico, the UK, France, Austria, Italy and Iceland lagged somewhat behind, together accounting for a further X the main exporting countries, Iceland recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The diagnostic equipment export price in Iceland stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the diagnostic equipment export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. In that year, the export prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus attained their peak level of $X per ton. From 2017 to 2018, the growth in terms of the export prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus remained at a somewhat lower figure.

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

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

Diagnostic Equipment Imports

Imports into Iceland

Diagnostic equipment imports into Iceland amounted to X tons in 2018, declining by -X% against the previous year. Over the period under review, diagnostic equipment imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Iceland imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, diagnostic equipment imports amounted to $X in 2018. Over the period under review, diagnostic equipment imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, diagnostic equipment imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), the Netherlands (X tons) and Japan (X tons) represented the key importers of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, together committing X% of total imports. France (X tons), Italy (X tons), the UK (X tons), Russia (X tons), Austria (X tons), India (X tons) and South Korea (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Austria (+X%), China (+X%), India (+X%), Italy (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. South Korea and France experienced a relatively flat trend pattern. By contrast, Russia (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), China (+X p.p.) and Germany (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus into Iceland, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

The diagnostic equipment import price in Iceland stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the import price indicated a temperate expansion from 2007 to 2018: its price 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. The pace of growth was the most pronounced in 2018 when the import price increased by X% y-o-y. In that year, the import prices for electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus attained their peak level and is likely to continue its growth in the immediate term.

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