Iceland: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2019

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Iceland

The revenue of the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Iceland amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, the market for internal combustion engine (excl. diesel, moto vehicle and aircraft) reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Iceland

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X in 2018 estimated in export prices. In general, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached its maximum level at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Iceland

In 2018, the exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Iceland stood at X units, surging by X% against the previous year. Overall, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. In that year, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak of X units. From 2016 to 2018, the growth of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X in 2018. Overall, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units) and the U.S. (X units) represented the main exporters of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft)around the world, together amounting to near X% of total exports. It was distantly followed by Japan (X units), creating a X% share of total exports. Thailand (X units), Italy (X units) and Belgium (X units) held a relatively small share 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 Iceland, while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in Japan amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2018, the export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Iceland amounted to $X per unit, reducing by -X% against the previous year. Overall, the export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the export prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Iceland

In 2018, the amount of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imported into Iceland totaled X units, therefore, remained relatively stable against the previous year. In general, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a deep shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak of X units. From 2014 to 2018, the growth of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) remained at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) totaled $X in 2018. Over the period under review, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) attained their peak of $X. From 2009 to 2018, the growth of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) failed to regain its momentum.

Imports by Country

In 2018, Mexico (X units), followed by Slovakia (X units), Italy (X units), China (X units) and Russia (X units) represented the largest importers of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), together creating X% of total imports. The U.S. (X units), Hungary (X units), Brazil (X units), Australia (X units), Poland (X units), Belgium (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 Poland, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by China, 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%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (-X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in Iceland amounted to $X per unit, increasing by X% against the previous year. Overall, the import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 when the import price increased by X% year-to-year. Over the period under review, the import prices for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reached their peak figure at $X per unit in 2008; however, from 2009 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 the U.S. ($X per unit), while Hungary ($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 U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform