Iceland: Static Converter Market 2020

Static Converter Market Size in Iceland

The revenue of the static converter market in Iceland amounted to $X in 2018, falling 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). In general, static converter consumption, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the static converter market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Static Converter Exports

Exports from Iceland

Static converter exports from Iceland amounted to X units in 2018, shrinking by -X% against the previous year. In general, static converter exports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Over the period under review, static converter exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, static converter exports stood at $X in 2018. Over the period under review, static converter exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, static converter exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X units) represented the major exporter of static converters, constituting X% of total exports. It was distantly followed by China, Hong Kong SAR (X units), committing a X% share of total exports. Singapore (X units), Taiwan, Chinese (X units), Japan (X units), Vietnam (X units), the Philippines (X units) and Malaysia (X units) 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 Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest static converter supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2018, the static converter export price in Iceland amounted to $X per unit, rising by X% against the previous year. Over the period under review, the static converter export price continues to indicate extraordinary growth. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Iceland export price peaked in 2018 and is likely to see steady growth in the near future.

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

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

Static Converter Imports

Imports into Iceland

Static converter imports into Iceland totaled X units in 2018, declining by -X% against the previous year. Over the period under review, static converter imports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. In that year, static converter imports attained their peak of X units. From 2014 to 2018, the growth of static converter imports remained at a somewhat lower figure.

In value terms, static converter imports stood at $X in 2018. In general, static converter imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, static converter imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

China, Hong Kong SAR (X units) and China (X units) represented the largest importers of static converters in 2018, finishing at approx. X% and X% of total imports, respectively. The U.S. (X units) ranks next in terms of the total imports with a X% share, followed by Singapore (X%), India (X%) and Mozambique (X%). Mexico (X units), Brazil (X units) and Malaysia (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 Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported static converters into Iceland, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., static converter imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The static converter import price in Iceland stood at $X per unit in 2018, increasing by X% against the previous year. Over the period under review, the static converter import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. Iceland import price peaked 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 the U.S. ($X per unit), while Mozambique ($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 a decline in the import price figures.

Source: IndexBox Platform