Iceland: Market for Machine Tools For Working Metal 2019

Market Size for Machine Tools For Working Metal in Iceland

The revenue of the machine-tool for working metal market in Iceland amounted to $X in 2018, lowering by -X% against the previous year. In general, machine-tool for working metal consumption continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2015 when the market value increased by X% against the previous year. In that year, the machine-tool for working metal market attained its peak level of $X. From 2016 to 2018, the growth of the machine-tool for working metal market failed to regain its momentum.

Production of Machine Tools For Working Metal in Iceland

In value terms, machine-tool for working metal production stood at $X in 2018 estimated in export prices. Overall, machine-tool for working metal production continues to indicate a strong expansion. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Iceland machine-tool for working metal production peaked in 2018 and is expected to retain its growth in the immediate term.

Exports of Machine Tools For Working Metal

Exports from Iceland

In 2018, the amount of machine tools for working metal exported from Iceland totaled X units, picking up by X% against the previous year. In general, machine-tool for working metal exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iceland exports peaked at X units in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, machine-tool for working metal exports totaled $X in 2018. In general, machine-tool for working metal exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. In that year, machine-tool for working metal exports attained their peak of $X. From 2013 to 2018, the growth of machine-tool for working metal exports failed to regain its momentum.

Exports by Country

China represented the largest exporting country with an export of around X units, which amounted to X% of total exports. Yemen (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Italy (X units), Oman (X units), Japan (X units), Jordan (X units), Taiwan, Chinese (X units), the UK (X units), Germany (X units), the U.S. (X units) and Slovakia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Oman (+X%), Jordan (+X%), Yemen (+X%), the United Arab Emirates (+X%), Slovakia (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy and the U.S. experienced a relatively flat trend pattern. By contrast, the UK (-X%), Germany (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Yemen (+X p.p.), the United Arab Emirates (+X p.p.), Oman (+X p.p.), Jordan (+X p.p.), Slovakia (+X p.p.) and Taiwan, Chinese (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the UK (-X p.p.), Germany (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. China, the U.S., Taiwan, Chinese, the UK, Slovakia, the United Arab Emirates, Yemen, Jordan, Oman and Iceland lagged somewhat behind, together comprising a further X experienced 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 machine-tool for working metal export price in Iceland stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the machine-tool for working metal export price continues to indicate a precipitous decrease. The growth pace was the most rapid in 2012 when the export price increased by X% y-o-y. In that year, the export prices for machine tools for working metal reached their peak level of $X per unit. From 2013 to 2018, the growth in terms of the export prices for machine tools for working metal remained at a somewhat lower figure.

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

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

Imports of Machine Tools For Working Metal

Imports into Iceland

Machine-tool for working metal imports into Iceland stood at X units in 2018, lowering by -X% against the previous year. Overall, machine-tool for working metal imports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, machine-tool for working metal imports attained their peak of X units. From 2016 to 2018, the growth of machine-tool for working metal imports remained at a somewhat lower figure.

In value terms, machine-tool for working metal imports stood at $X in 2018. In general, machine-tool for working metal imports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, machine-tool for working metal imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

The Philippines prevails in machine-tool for working metal imports structure, amounting to X units, which was near X% of total imports in 2018. The U.S. (X units), China (X units), Canada (X units), the UK (X units) and Thailand (X units) occupied a little share of total imports.

The Philippines was also the fastest-growing in terms of the machine tools for working metal imports, with a CAGR of +X% from 2007 to 2018. At the same time, China (+X%), the U.S. (+X%) and Canada (+X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the Philippines, China and the U.S. increased by +X%, +X% and +X% percentage points, while the UK (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machine-tool for working metal importing markets into Iceland were China ($X), the U.S. ($X) and Thailand ($X), with a combined X% share of total imports. Canada, the UK, the Philippines and Iceland lagged somewhat behind, together comprising a further X terms of the main importing countries, the Philippines recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the machine-tool for working metal import price in Iceland amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the machine-tool for working metal import price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. Over the period under review, the import prices for machine tools for working metal attained their peak figure at $X per unit in 2017, and then declined slightly in the following year.

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

Source: IndexBox Platform