Iceland: Sack And Bag Market 2020

Sack And Bag Market Size in Iceland

The revenue of the sack and bag market in Iceland amounted to $X in 2018, going 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, sack and bag consumption, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Iceland sack and bag consumption peaked at $X in 2017, and then declined slightly in the following year.

Sack And Bag Exports

Exports from Iceland

In 2018, the amount of sacks and bags exported from Iceland totaled X tons, waning by -X% against the previous year. Overall, sack and bag exports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Iceland exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, sack and bag exports amounted to $X in 2018. Over the period under review, sack and bag exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, sack and bag exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by India (X tons), Vietnam (X tons) and Turkey (X tons) represented the key exporters of sacks and bags, together mixing up X% of total exports. Bangladesh (X tons), Thailand (X tons), Mexico (X tons), Belgium (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest sack and bag supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In China, sack and bag exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The sack and bag export price in Iceland stood at $X per ton in 2018, picking up by X% against the previous year. In general, the sack and bag export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. In that year, the export prices for sacks and bags reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for sacks and bags remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Sack And Bag Imports

Imports into Iceland

In 2018, approx. X tons of sacks and bags were imported into Iceland; falling by -X% against the previous year. Overall, sack and bag imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. In that year, sack and bag imports reached their peak of X tons. From 2013 to 2018, the growth of sack and bag imports remained at a somewhat lower figure.

In value terms, sack and bag imports amounted to $X in 2018. Over the period under review, sack and bag imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Iceland imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

The countries with the highest levels of sack and bag imports in 2018 were the U.S. (X tons), Japan (X tons) and South Korea (X tons), together amounting to X% of total import. Germany (X tons) ranks next in terms of the total imports with a X% share, followed by the Netherlands (X%). Russia (X tons), France (X tons), Belgium (X tons), Spain (X tons), the UK (X tons), Italy (X tons) and Australia (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 the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest sack and bag importing markets into Iceland were the U.S. ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports. South Korea, France, the Netherlands, the UK, Belgium, Spain, Italy, Australia, Russia and Iceland lagged somewhat behind, together accounting for a further X the main importing countries, South Korea recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sack and bag import price in Iceland stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the import price indicated a mild 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 growth pace was the most rapid in 2013 an increase of X% against the previous year. Iceland import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform