Iceland: Technical Textiles Market 2020

Technical Textiles Market Size in Iceland

The revenue of the technical textiles market in Iceland amounted to $X in 2018, rising 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). The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. In that year, the technical textiles market reached its peak level of $X. From 2017 to 2018, the growth of the technical textiles market remained at a lower figure.

Technical Textiles Exports

Exports from Iceland

Technical textiles exports from Iceland amounted to X kg in 2018, shrinking by -X% against the previous year. Over the period under review, technical textiles exports continue to indicate a drastic shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Iceland exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, technical textiles exports amounted to $X in 2018. In general, technical textiles exports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iceland exports peaked 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 Mexico (X tons), Germany (X tons), the U.S. (X tons) and Italy (X tons) represented the key exporters of textile products and articles for technical uses, together making up X% of total exports. The following exporters - South Korea (X tons), Spain (X tons), the Netherlands (X tons), France (X tons), Japan (X tons), Belgium (X tons) and India (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to technical textiles exports from China stood at +X%. At the same time, South Korea (+X%), India (+X%), Mexico (+X%), the Netherlands (+X%), France (+X%), Italy (+X%), Japan (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Mexico (+X p.p.), South Korea (+X p.p.), Germany (+X p.p.), the U.S. (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Japan, Italy, Mexico, France, South Korea, the Netherlands, Belgium, Spain, India and Iceland, which together accounted for a further X Korea experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The technical textiles export price in Iceland stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the export price indicated a slight increase 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 2012 when the export price increased by X% against the previous year. Iceland export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

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

Technical Textiles Imports

Imports into Iceland

In 2018, approx. X tons of textile products and articles for technical uses were imported into Iceland; rising by X% against the previous year. In general, technical textiles imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. In that year, technical textiles imports attained their peak of X tons. From 2017 to 2018, the growth of technical textiles imports failed to regain its momentum.

In value terms, technical textiles imports amounted to $X in 2018. In general, technical textiles imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) was the major importer of textile products and articles for technical uses, constituting X% of total imports. Germany (X tons) held the second position in the ranking, followed by Mexico (X tons). All these countries together held approx. X% share of total imports. China (X tons), Canada (X tons), India (X tons), the Netherlands (X tons), Indonesia (X tons), France (X tons), Japan (X tons), the UK (X tons) and Italy (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, Indonesia (+X%), India (+X%), the Netherlands (+X%), Canada (+X%), Mexico (+X%), the UK (+X%), Japan (+X%) and France (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China and Italy experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), India (+X p.p.), Indonesia (+X p.p.) and the Netherlands (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest technical textiles importing markets into Iceland were the U.S. ($X), China ($X) and Germany ($X), together accounting for X% of total imports. Mexico, France, Japan, Canada, the Netherlands, Italy, Indonesia, India, the UK and Iceland lagged somewhat behind, together accounting for a further X terms of the main importing countries, India experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the technical textiles import price in Iceland amounted to $X per ton, surging by X% against the previous year. Over the period under review, the technical textiles import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. Over the period under review, the import prices for textile products and articles for technical uses attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

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