Iceland: Electro-Mechanical Tool Market 2020

Electro-Mechanical Tool Market Size in Iceland

The revenue of the electro-mechanical tool market in Iceland amounted to $X in 2018, declining 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, electro-mechanical tool consumption continues to indicate a temperate decline. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Iceland electro-mechanical tool consumption peaked at $X in 2017, and then declined slightly in the following year.

Electro-Mechanical Tool Exports

Exports from Iceland

Electro-mechanical tool exports from Iceland totaled X units in 2018, picking up by X% against the previous year. Overall, electro-mechanical tool exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, electro-mechanical tool exports reached their peak of X units. From 2012 to 2018, the growth of electro-mechanical tool exports failed to regain its momentum.

In value terms, electro-mechanical tool exports totaled $X in 2018. Over the period under review, electro-mechanical tool exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, electro-mechanical tool exports reached their peak of $X. From 2012 to 2018, the growth of electro-mechanical tool exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Germany (X units) and Mexico (X units), together comprising a X% share of total exports. The following exporters - Belgium (X units), Austria (X units), Hungary (X units), Malaysia (X units), the Netherlands (X units), the U.S. (X units), Romania (X units) and the Czech Republic (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern of electro-mechanical tools exports. At the same time, Romania (+X%), Austria (+X%), Malaysia (+X%), Hungary (+X%), the Netherlands (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Belgium, Mexico and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. China (+X p.p.), Austria (+X p.p.), Hungary (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electro-mechanical tool supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Mexico (-X% per year).

Export Prices by Country

The electro-mechanical tool export price in Iceland stood at $X per unit in 2018, jumping by X% against the previous year. In general, the electro-mechanical tool export price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2011 an increase of X% year-to-year. In that year, the export prices for electro-mechanical tools attained their peak level of $X per unit. From 2012 to 2018, the growth in terms of the export prices for electro-mechanical tools failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the Netherlands ($X per unit) 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.

Electro-Mechanical Tool Imports

Imports into Iceland

In 2018, the electro-mechanical tool imports into Iceland totaled X units, shrinking by -X% against the previous year. In general, electro-mechanical tool imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, electro-mechanical tool imports attained their peak figure at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, electro-mechanical tool imports totaled $X in 2018. Over the period under review, electro-mechanical tool imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Iceland imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Russia (X units), the UK (X units), France (X units) and the Netherlands (X units) represented the key importers of electro-mechanical tools, together constituting X% of total imports. Belgium (X units), Poland (X units), Canada (X units), Australia (X units), Italy (X units) and Japan (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to electro-mechanical tool imports into the U.S. stood at +X%. At the same time, the Netherlands (+X%), Russia (+X%), Australia (+X%), Poland (+X%), Germany (+X%), the UK (+X%), Japan (+X%), Canada (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and Russia (+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. ($X) constitutes the largest market for imported electro-mechanical tools into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the U.S., electro-mechanical tool imports expanded 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: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the electro-mechanical tool import price in Iceland amounted to $X per unit, coming down by -X% against the previous year. Overall, the electro-mechanical tool import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by X% y-o-y. In that year, the import prices for electro-mechanical tools reached their peak level of $X per unit. From 2014 to 2018, the growth in terms of the import prices for electro-mechanical tools remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Russia ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform