Iceland: Nail And Bolt Market 2020

Nail And Bolt Market Size in Iceland

The revenue of the nail and bolt market in Iceland amounted to $X in 2018, lowering 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, nail and bolt consumption, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the nail and bolt market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Nail And Bolt Exports

Exports from Iceland

In 2018, the exports of nails, tacks, staples, screws and bolts from Iceland totaled X tons, coming down by -X% against the previous year. Over the period under review, nail and bolt exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. In that year, nail and bolt exports attained their peak of X tons. From 2009 to 2018, the growth of nail and bolt exports remained at a somewhat lower figure.

In value terms, nail and bolt exports amounted to $X in 2018. Over the period under review, nail and bolt exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Iceland exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Taiwan, Chinese (X tons), Germany (X tons), South Korea (X tons) and the U.S. (X tons), together generating a X% share of total exports. Italy (X tons), Japan (X tons), India (X tons), Spain (X tons), Vietnam (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts exports. At the same time, Vietnam (+X%), South Korea (+X%), India (+X%), Spain (+X%), the Netherlands (+X%), Taiwan, Chinese (+X%), the U.S. (+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. Italy experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.), Taiwan, Chinese (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China (-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, the largest nail and bolt markets from Iceland were Germany ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. These countries were followed by the U.S., Japan, Italy, South Korea, the Netherlands, Spain, India, Vietnam and Iceland, which together accounted for a further X Nam recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the nail and bolt export price in Iceland amounted to $X per ton, picking up by X% against the previous year. Overall, the export price indicated a strong expansion 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. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for nails, tacks, staples, screws and bolts attained their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) 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.

Nail And Bolt Imports

Imports into Iceland

In 2018, approx. X tons of nails, tacks, staples, screws and bolts were imported into Iceland; waning by -X% against the previous year. Over the period under review, nail and bolt imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, nail and bolt imports attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, nail and bolt imports stood at $X in 2018. Over the period under review, nail and bolt imports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, nail and bolt imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and Canada (X tons) represented the main importers of nails, tacks, staples, screws and bolts, together creating X% of total imports. The following importers - Mexico (X tons), France (X tons), Russia (X tons), the UK (X tons), China (X tons), Japan (X tons), Poland (X tons), Italy (X tons) and India (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of nails, tacks, staples, screws and bolts imports. At the same time, India (+X%), China (+X%), Russia (+X%), Canada (+X%), Germany (+X%), Poland (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Italy, the UK and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Germany, the U.S., Canada and India increased by +X%, +X%, +X% and +X% percentage points, while Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Mexico, France, the UK, Canada, India, Italy, Japan, Poland, Russia and Iceland lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The nail and bolt import price in Iceland stood at $X per ton in 2018, declining by -X% against the previous year. In general, the nail and bolt import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Iceland import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform