Iceland: Measuring Instrument Market 2020

Measuring Instrument Market Size in Iceland

The revenue of the measuring instrument 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, measuring instrument consumption continues to indicate a strong increase. The growth pace was the most rapid in 2015 when the market value increased by X% y-o-y. Iceland measuring instrument consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Measuring Instrument Exports

Exports from Iceland

In 2018, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported from Iceland; surging by X% against the previous year. Over the period under review, measuring instrument exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, measuring instrument exports reached their peak figure at X units in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, measuring instrument exports amounted to $X in 2018. In general, measuring instrument exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, measuring instrument exports reached their peak figure at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The exports of the seven major exporters of instruments and apparatus for measuring or checking the flow or level of liquids, namely Germany, China, Japan, Mexico, Luxembourg, the Czech Republic and Switzerland, represented more than two-thirds of total export. Malaysia (X units), Italy (X units), South Korea (X units), the Philippines (X units) and the U.S. (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Luxembourg (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Japan, Italy, Mexico, Switzerland, the Czech Republic, Malaysia, South Korea, the Philippines, Luxembourg and Iceland, which together accounted for a further X recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The measuring instrument export price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the measuring instrument export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, the export prices for instruments and apparatus for measuring or checking the flow or level of liquids attained their peak figure in 2018 and is expected to retain 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. ($X per unit), while Luxembourg ($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.

Measuring Instrument Imports

Imports into Iceland

In 2018, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported into Iceland; rising by X% against the previous year. Overall, measuring instrument imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, measuring instrument imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, measuring instrument imports stood at $X in 2018. Overall, measuring instrument imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. In that year, measuring instrument imports attained their peak of $X. From 2016 to 2018, the growth of measuring instrument imports remained at a lower figure.

Imports by Country

The countries with the highest levels of measuring instrument imports in 2018 were the U.S. (X units), China (X units), Germany (X units), Mozambique (X units), Poland (X units) and the Czech Republic (X units), together recording X% of total import. Hungary (X units), the UK (X units), Ukraine (X units), France (X units), Mexico (X units) and Canada (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 Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument importing markets into Iceland were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. These countries were followed by France, the UK, Canada, Mexico, Poland, the Czech Republic, Hungary, Ukraine, Mozambique and Iceland, which together accounted for a further X terms of the main importing countries, Mexico recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the measuring instrument import price in Iceland amounted to $X per unit, jumping by X% against the previous year. In general, the measuring instrument import price, however, continues to indicate a deep drop. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Over the period under review, the import prices for instruments and apparatus for measuring or checking the flow or level of liquids reached their maximum at $X per unit in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform