Iceland: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2019

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Iceland

The revenue of the silicon-electrical steel flat-rolled product market in Iceland amounted to $X in 2018, growing by X% against the previous year. In general, silicon-electrical steel flat-rolled product consumption continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Iceland silicon-electrical steel flat-rolled product consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Iceland

In value terms, silicon-electrical steel flat-rolled product production stood at $X in 2018 estimated in export prices. Over the period under review, silicon-electrical steel flat-rolled product production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. In that year, silicon-electrical steel flat-rolled product production attained its peak level of $X. From 2016 to 2018, silicon-electrical steel flat-rolled product production growth failed to regain its momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Iceland

In 2018, the silicon-electrical steel flat-rolled product exports from Iceland totaled X tons, falling by -X% against the previous year. In general, silicon-electrical steel flat-rolled product exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Iceland exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, silicon-electrical steel flat-rolled product exports stood at $X in 2018. In general, silicon-electrical steel flat-rolled product exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. In that year, silicon-electrical steel flat-rolled product exports reached their peak of $X. From 2016 to 2018, the growth of silicon-electrical steel flat-rolled product exports remained at a lower figure.

Exports by Country

Japan (X tons), South Korea (X tons), Russia (X tons), Germany (X tons), China (X tons) and Taiwan, Chinese (X tons) represented roughly X% of total exports of flat-rolled products of silicon-electrical steel in 2018. The following exporters - France (X tons), Turkey (X tons), Poland (X tons), Austria (X tons), India (X tons) and Slovakia (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 India, while the other leaders experienced more modest paces of growth.

In value terms, the largest silicon-electrical steel flat-rolled product markets from Iceland were Japan ($X), South Korea ($X) and Russia ($X), with a combined X% share of total exports. These countries were followed by Germany, China, Taiwan, Chinese, France, Poland, Austria, Slovakia, Turkey, India and Iceland, which together accounted for a further X recorded the highest growth rate of 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

In 2018, the silicon-electrical steel flat-rolled product export price in Iceland amounted to $X per ton, surging by X% against the previous year. In general, the silicon-electrical steel flat-rolled product export price continues to indicate remarkable growth. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. In that year, the export prices for flat-rolled products of silicon-electrical steel reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for flat-rolled products of silicon-electrical steel 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 Poland ($X per ton), while Turkey ($X per ton) 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.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Iceland

In 2018, the amount of flat-rolled products of silicon-electrical steel imported into Iceland stood at X tons, going up by X% against the previous year. Over the period under review, silicon-electrical steel flat-rolled product imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Iceland imports peaked at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, silicon-electrical steel flat-rolled product imports stood at $X in 2018. Overall, silicon-electrical steel flat-rolled product imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

India (X tons) and Italy (X tons) represented roughly X% of total imports of flat-rolled products of silicon-electrical steel in 2018. It was distantly followed by China (X tons), creating an X% share of total imports. The following importers - Turkey (X tons), Thailand (X tons), Mexico (X tons), France (X tons), Romania (X tons), Malaysia (X tons), the U.S. (X tons), the Czech Republic (X tons) and Canada (X tons) - 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 India, while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Italy ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

India recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the silicon-electrical steel flat-rolled product import price in Iceland amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the silicon-electrical steel flat-rolled product import price continues to indicate a drastic slump. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, the import prices for flat-rolled products of silicon-electrical steel reached their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while Romania ($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 Czech Republic, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform