Iceland: Escalator Market 2020

Escalator Market Size in Iceland

The revenue of the escalator market in Iceland amounted to $X in 2018, waning 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). Over the period under review, escalator consumption continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iceland escalator consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Escalator Exports

Exports by Country

China dominates escalator exports structure, finishing at X units, which was near X% of total exports in 2018. Slovakia (X units) held the second position in the ranking, followed by Spain (X units). All these countries together took near X% share of total exports. Germany (X units), Oman (X units), the Czech Republic (X units) and Swaziland (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to escalator exports from China stood at +X%. At the same time, Oman (+X%), Swaziland (+X%), Spain (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, the Czech Republic (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Oman, Spain and Swaziland increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, escalator exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Germany (-X% per year).

Export Prices by Country

The escalator export price in Iceland stood at $X per unit in 2018, approximately reflecting the previous year. Over the period under review, the escalator export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for escalators and moving walkways reached their maximum at $X per unit in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Swaziland ($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 mixed trends in the export price figures.

Escalator Imports

Imports into Iceland

Escalator imports into Iceland totaled X units in 2018, coming down by -X% against the previous year. Over the period under review, escalator imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iceland imports peaked at X units in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, escalator imports totaled $X in 2018. In general, escalator imports continue to indicate a dramatic drop. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, escalator imports reached their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of escalators and moving walkways, namely Turkey, the U.S., Iran, Saudi Arabia, South Korea, India, Thailand, Mexico, Singapore, Russia, Qatar and Malaysia, represented more than half of total import.

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

In value terms, the largest escalator importing markets into Iceland were South Korea ($X), Saudi Arabia ($X) and Iran ($X), with a combined X% share of total imports.

Iran recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The escalator import price in Iceland stood at $X per unit in 2018, rising by X% against the previous year. In general, the import price indicated notable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, escalator import price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% year-to-year. Over the period under review, the import prices for escalators and moving walkways reached their peak figure in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per unit), while Singapore ($X per unit) 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