Iceland: Tap And Valve Market 2020

Tap And Valve Market Size in Iceland

The revenue of the tap and valve market in Iceland amounted to $X in 2018, declining 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, tap and valve consumption continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Over the period under review, the tap and valve market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Tap And Valve Exports

Exports from Iceland

In 2018, the exports of taps, cocks, valves and similar appliances from Iceland totaled X tons, jumping by X% against the previous year. Overall, tap and valve exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, tap and valve exports attained their peak and are likely to continue its growth in the immediate term.

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

Exports by Country

China represented the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Italy (X tons) and Germany (X tons), together making up a X% share of total exports. The U.S. (X tons), Mexico (X tons), Japan (X tons), Spain (X tons), India (X tons), the Czech Republic (X tons), France (X tons), the UK (X tons) and South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the taps, cocks, valves and similar appliances exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%), India (+X%) and Germany (+X%) displayed positive paces of growth. Mexico, Spain and Italy experienced a relatively flat trend pattern. By contrast, South Korea (-X%), France (-X%), the UK (-X%), Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Japan (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve markets from Iceland were Germany ($X), China ($X) and the U.S. ($X), together accounting for X% of total exports. Italy, Japan, Mexico, the UK, France, the Czech Republic, South Korea, Spain, India and Iceland lagged somewhat behind, together comprising a further X the main exporting countries, Iceland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the tap and valve export price in Iceland amounted to $X per ton, coming down by -X% against the previous year. In general, the tap and valve export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. In that year, the export prices for taps, cocks, valves and similar appliances attained their peak level of $X per ton, and then declined slightly in the following year.

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

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

Tap And Valve Imports

Imports into Iceland

In 2018, the amount of taps, cocks, valves and similar appliances imported into Iceland totaled X tons, shrinking by -X% against the previous year. Overall, tap and valve imports continue to indicate a drastic contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, tap and valve imports attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, tap and valve imports totaled $X in 2018. Over the period under review, tap and valve imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 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), distantly followed by Germany (X tons), China (X tons), Mexico (X tons) and Russia (X tons) were the main importers of taps, cocks, valves and similar appliances, together creating X% of total imports. France (X tons), the UK (X tons), Canada (X tons), Saudi Arabia (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Spain (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), Russia (+X%), the United Arab Emirates (+X%), China (+X%), Germany (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Canada, Saudi Arabia, the UK and Spain experienced a relatively flat trend pattern. The U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+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. ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports.

In terms of the main importing countries, China experienced 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

In 2018, the tap and valve import price in Iceland amounted to $X per ton, going up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Iceland import price peaked in 2018 and is likely to see steady 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 China ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform