Iceland: Stranded Wire Market 2020

Stranded Wire Market Size in Iceland

The revenue of the stranded wire market in Iceland amounted to $X in 2018, picking up 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, stranded wire consumption, however, continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Iceland stranded wire consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Iceland

In 2018, the stranded wire exports from Iceland stood at X tons, increasing by X% against the previous year. Overall, stranded wire exports, however, continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Iceland exports peaked at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, stranded wire exports amounted to $X in 2018. Overall, stranded wire exports, however, continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. 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 key exporter of stranded wire, ropes and cables in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2018. South Korea (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by India (X%) and Vietnam (X%). Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+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. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam, India, Turkey and Portugal increased by +X%, +X%, +X% and +X% percentage points, while Italy (-X p.p.), China (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

The stranded wire export price in Iceland stood at $X per ton in 2018, surging by X% against the previous year. In general, the stranded wire export price continues to indicate a strong increase. The growth pace was the most rapid in 2018 when the export price increased by X% y-o-y. In that year, the export prices for stranded wire, ropes and cables reached their peak level and is likely to continue 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 the U.S. ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Stranded Wire Imports

Imports into Iceland

Stranded wire imports into Iceland amounted to X tons in 2018, increasing by X% against the previous year. Overall, stranded wire imports, however, continue to indicate a temperate decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, stranded wire imports totaled $X in 2018. In general, stranded wire imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the main importers of stranded wire, ropes and cables, together achieving X% of total imports. South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) occupied a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+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. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India, Thailand and Poland 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, the U.S. ($X), Germany ($X) and Mexico ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Iceland lagged somewhat behind, together comprising a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the stranded wire import price in Iceland amounted to $X per ton, declining by -X% against the previous year. In general, the stranded wire import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for stranded wire, ropes and cables attained their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform