Iceland: Metal Domestic Furniture Market 2020

Metal Domestic Furniture Market Size in Iceland

The revenue of the metal domestic furniture market in Iceland amounted to $X in 2018, coming down 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). Over the period under review, metal domestic furniture consumption continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. Over the period under review, the metal domestic furniture market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Iceland

In 2018, the exports of metal furniture from Iceland amounted to X tons, going down by -X% against the previous year. Overall, metal domestic furniture exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Iceland exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, metal domestic furniture exports stood at $X in 2018. In general, metal domestic furniture exports continue to indicate a drastic reduction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, metal domestic furniture exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates metal domestic furniture exports structure, recording X tons, which was near X% of total exports in 2018. It was distantly followed by Germany (X tons), generating a X% share of total exports. Taiwan, Chinese (X tons), Poland (X tons), Italy (X tons), Vietnam (X tons), Canada (X tons), the Netherlands (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to metal domestic furniture exports from China stood at +X%. At the same time, Vietnam (+X%), Poland (+X%), the Netherlands (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Germany and Vietnam increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal domestic furniture supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, metal domestic furniture exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2018, the metal domestic furniture export price in Iceland amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price indicated a strong increase from 2007 to 2018: its price increased 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, metal domestic furniture export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2012 when the export price increased by X% against the previous year. Over the period under review, the export prices for metal furniture reached their maximum 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 Italy ($X per ton), while China ($X per ton) was amongst the lowest.

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

Metal Domestic Furniture Imports

Imports into Iceland

In 2018, the amount of metal furniture imported into Iceland totaled X tons, declining by -X% against the previous year. Overall, metal domestic furniture imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, metal domestic furniture imports totaled $X in 2018. In general, metal domestic furniture imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons) represented the major importer of metal furniture, committing X% of total imports. It was distantly followed by Germany (X tons), the UK (X tons) and France (X tons), together making up an X% share of total imports. The Netherlands (X tons), Japan (X tons), Canada (X tons), Australia (X tons), Belgium (X tons), Italy (X tons), Poland (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to metal domestic furniture imports into the U.S. stood at +X%. At the same time, Poland (+X%), the Netherlands (+X%), Germany (+X%), Australia (+X%), the UK (+X%), Belgium (+X%), Japan (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and Spain experienced a relatively flat trend pattern. The U.S. (+X p.p.), Germany (+X p.p.), the Netherlands (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported metal furniture into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the metal domestic furniture import price in Iceland amounted to $X per ton, increasing by X% against the previous year. Overall, the metal domestic furniture import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, the import prices for metal furniture reached their peak figure in 2018 and is likely to continue its growth in the near future.

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

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

Source: IndexBox Platform