Iceland: Hot-Rolled Steel Products Market 2020

Hot-Rolled Steel Products Market Size in Iceland

The revenue of the hot-rolled steel products market in Iceland amounted to $X in 2018, growing by X% against the previous year. Over the period under review, hot-rolled steel products consumption continues to indicate a moderate descent. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. In that year, the hot-rolled steel products market attained its peak level of $X. From 2013 to 2018, the growth of the hot-rolled steel products market remained at a somewhat lower figure.

Hot-Rolled Steel Products Production in Iceland

In value terms, hot-rolled steel products production stood at $X in 2018 estimated in export prices. Overall, hot-rolled steel products production, however, continues to indicate a temperate curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, hot-rolled steel products production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Hot-Rolled Steel Products Exports

Exports from Iceland

Hot-rolled steel products exports from Iceland stood at X tons in 2018, rising by X% against the previous year. In general, hot-rolled steel products exports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Iceland exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, hot-rolled steel products exports totaled $X in 2018. Over the period under review, hot-rolled steel products exports, however, continue to indicate a drastic deduction. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, hot-rolled steel products exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China (X tons) and Japan (X tons) were the largest exporters of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018, resulting at near X% and X% of total exports, respectively. South Korea (X tons) ranks next in terms of the total exports with a X% share, followed by Belgium (X%), Germany (X%), Russia (X%) and France (X%). The following exporters - Taiwan, Chinese (X tons), Ukraine (X tons), India (X tons), Turkey (X tons) and the U.S. (X tons) - together made up X% of total exports.

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

In value terms, the largest hot-rolled steel products markets from Iceland were China ($X), Japan ($X) and South Korea ($X), with a combined X% share of total exports. Belgium, Germany, France, Russia, Taiwan, Chinese, the U.S., India, Ukraine, Turkey and Iceland lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, in terms of 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 hot-rolled steel products export price in Iceland stood at $X per ton in 2018, leveling off at the previous year. In general, the hot-rolled steel products export price continues to indicate a temperate shrinkage. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. In that year, the export prices for flat-rolled products of iron or steel (not further worked than hot-rolled) reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for flat-rolled products of iron or steel (not further worked than hot-rolled) remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the export price figures.

Hot-Rolled Steel Products Imports

Imports into Iceland

In 2018, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into Iceland; jumping by X% against the previous year. Over the period under review, hot-rolled steel products imports, however, continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, hot-rolled steel products imports stood at $X in 2018. Over the period under review, hot-rolled steel products imports, however, continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, hot-rolled steel products imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), South Korea (X tons), Italy (X tons), Germany (X tons), Turkey (X tons), the U.S. (X tons), China (X tons), Thailand (X tons), Belgium (X tons), Spain (X tons), France (X tons) and India (X tons) represented roughly X% of total imports of flat-rolled products of iron or steel (not further worked than hot-rolled) in 2018.

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

In value terms, the largest hot-rolled steel products importing markets into Iceland were Germany ($X), Italy ($X) and Vietnam ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The hot-rolled steel products import price in Iceland stood at $X per ton in 2018, falling by -X% against the previous year. In general, the hot-rolled steel products import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for flat-rolled products of iron or steel (not further worked than hot-rolled) attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while Vietnam ($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 a decline in the import price figures.

Source: IndexBox Platform