Iceland: Hand Tools Market 2020

Hand Tools Market Size in Iceland

The revenue of the hand tools market in Iceland amounted to $X in 2018, dropping 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, hand tools consumption continues to indicate a significant drop. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Iceland hand tools consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Hand Tools Exports

Exports from Iceland

In 2018, the exports of hand tools from Iceland stood at X tons, dropping by -X% against the previous year. Over the period under review, hand tools exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, hand tools exports reached their peak figure at X tons in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, hand tools exports totaled $X in 2018. Over the period under review, hand tools exports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, hand tools exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X tons, which finished at X% of total exports. Taiwan, Chinese (X tons) occupied the second position in the ranking, followed by Germany (X tons). All these countries together took near X% share of total exports. The following exporters - India (X tons), the Netherlands (X tons), Italy (X tons), the U.S. (X tons), Mexico (X tons) and Belgium (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to hand tools exports from China stood at +X%. At the same time, the Netherlands (+X%), Mexico (+X%), Belgium (+X%) and India (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and Taiwan, Chinese (+X% per year).

Export Prices by Country

The hand tools export price in Iceland stood at $X per ton in 2018, rising by X% against the previous year. Overall, the hand tools export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. Iceland export price peaked in 2018 and is likely to continue its growth in the immediate term.

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

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

Hand Tools Imports

Imports into Iceland

In 2018, the amount of hand tools imported into Iceland stood at X tons, declining by -X% against the previous year. In general, hand tools imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Iceland imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, hand tools imports amounted to $X in 2018. Overall, hand tools imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the major importers of hand tools, together constituting X% of total imports. Russia (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Mexico (X tons), Indonesia (X tons), Belgium (X tons), Canada (X tons) and India (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, India (+X%), Indonesia (+X%), Mexico (+X%), Russia (+X%), the Netherlands (+X%), Belgium (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany and France experienced a relatively flat trend pattern. By contrast, Canada (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported hand tools into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the hand tools import price in Iceland amounted to $X per ton, jumping by X% against the previous year. In general, the hand tools import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, the import prices for hand tools attained their maximum at $X per ton in 2011; however, from 2012 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 ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform