Iceland: Wire And Cable Market 2020

Wire And Cable Market Size in Iceland

The revenue of the wire and cable market in Iceland amounted to $X in 2018, declining 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). In general, wire and cable consumption continues to indicate a mild curtailment. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Iceland wire and cable consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Wire And Cable Exports

Exports from Iceland

In 2018, the amount of insulated wire and cable exported from Iceland totaled X tons, falling by -X% against the previous year. Over the period under review, wire and cable exports continue to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, wire and cable exports attained their maximum at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, wire and cable exports stood at $X in 2018. Over the period under review, the total exports indicated a prominent increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wire and cable exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. In that year, wire and cable exports attained their peak of $X. From 2017 to 2018, the growth of wire and cable exports remained at a lower figure.

Exports by Country

China was the largest exporter of insulated wire and cable in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2018. Mexico (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and the U.S. (X%). The following exporters - Italy (X tons), Turkey (X tons), Romania (X tons), the Czech Republic (X tons), Spain (X tons), South Korea (X tons), Poland (X tons) and China, Hong Kong SAR (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to wire and cable exports from China stood at +X%. At the same time, Romania (+X%), Turkey (+X%), the Czech Republic (+X%), Spain (+X%), Mexico (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy, Germany and the U.S. experienced a relatively flat trend pattern. By contrast, Poland (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Romania increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the U.S., Romania, China, Hong Kong SAR, Italy, the Czech Republic, Poland, South Korea, Spain, Turkey and Iceland, which together accounted for a further X recorded the highest rates of growth with regard to exports, among 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 wire and cable export price in Iceland amounted to $X per ton, going up by X% against the previous year. In general, the wire and cable export price continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices for insulated wire and cable reached their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per ton), while Turkey ($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, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Wire And Cable Imports

Imports into Iceland

In 2018, approx. X tons of insulated wire and cable were imported into Iceland; declining by -X% against the previous year. Overall, wire and cable imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, wire and cable imports attained their maximum at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, wire and cable imports stood at $X in 2018. Over the period under review, wire and cable imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, wire and cable imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X tons) and Germany (X tons) represented roughly X% of total imports of insulated wire and cable in 2018. It was followed by Mexico (X tons) and the UK (X tons), together achieving a X% share of total imports. France (X tons), Japan (X tons), China, Hong Kong SAR (X tons), China (X tons), the Czech Republic (X tons), Canada (X tons), Taiwan, Chinese (X tons) and Spain (X tons) took a relatively small share 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 Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable importing markets into Iceland were the U.S. ($X), Germany ($X) and Japan ($X), together comprising X% of total imports. Mexico, the UK, France, China, China, Hong Kong SAR, Canada, Spain, the Czech Republic, Taiwan, Chinese and Iceland lagged somewhat behind, together accounting for a further X terms of the main importing countries, the Czech Republic experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wire and cable import price in Iceland amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the wire and cable import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Iceland import price peaked at $X per ton in 2011; however, from 2012 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 Japan ($X per ton), while Taiwan, Chinese ($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, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform