Iceland: Test And Measurement Market 2020

Test And Measurement Market Size in Iceland

The revenue of the test and measurement market in Iceland amounted to $X in 2018, jumping 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, test and measurement consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Iceland test and measurement consumption peaked in 2018 and is likely to see steady growth in the near future.

Test And Measurement Exports

Exports from Iceland

Test and measurement exports from Iceland amounted to X units in 2018, remaining relatively unchanged against the previous year. Overall, test and measurement exports continue to indicate a slight decrease. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Iceland exports peaked at X units in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, test and measurement exports stood at $X in 2018. In general, test and measurement exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, test and measurement exports reached their maximum at $X in 2010; however, from 2011 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Mexico (X units), Malaysia (X units) and China (X units) were the major exporters of instruments and apparatus for measuring or checking pressure of liquids or gasses in the world, constituting X% of total export. It was distantly followed by the UK (X units), Germany (X units) and the U.S. (X units), together comprising a X% share of total exports. The following exporters - Japan (X units), the Netherlands (X units), Poland (X units), Taiwan, Chinese (X units), Switzerland (X units) and Italy (X units) - 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 Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement markets from Iceland were Germany ($X), the U.S. ($X) and China ($X), together accounting for X% of total exports.

Among the main exporting countries, China recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The test and measurement export price in Iceland stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the test and measurement export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. Iceland export price peaked at $X per unit in 2011; however, from 2012 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 ($X per unit), while Malaysia ($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.

Test And Measurement Imports

Imports into Iceland

In 2018, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses imported into Iceland totaled X units, rising by X% against the previous year. Over the period under review, test and measurement imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Iceland imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, test and measurement imports stood at $X in 2018. Overall, test and measurement imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, test and measurement imports attained their maximum in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, the U.S. (X units) and Germany (X units) represented the major importers of instruments and apparatus for measuring or checking pressure of liquids or gassesin the world, together accounting for approx. X% of total imports. China (X units) ranks next in terms of the total imports with a X% share, followed by Mexico (X%), France (X%) and Japan (X%). Singapore (X units), Italy (X units), the Netherlands (X units), Spain (X units), Poland (X units) and the UK (X units) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Japan, France, Mexico, the UK, the Netherlands, Italy, Singapore, Spain, Poland and Iceland, which together accounted for a further X terms of the main importing countries, Japan recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The test and measurement import price in Iceland stood at $X per unit in 2018, approximately mirroring the previous year. Overall, the test and measurement import price continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2009 when the import price increased by X% year-to-year. Iceland import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per unit), while Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform