Iceland: Transmission Shaft Market 2020

Transmission Shaft Market Size in Iceland

The revenue of the transmission shaft 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). Overall, transmission shaft consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, the transmission shaft market attained its peak figure level at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Transmission Shaft Exports

Exports from Iceland

In 2018, the amount of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exported from Iceland amounted to X tons, jumping by X% against the previous year. Over the period under review, transmission shaft exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, transmission shaft exports attained their peak figure at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, transmission shaft exports amounted to $X in 2018. Over the period under review, transmission shaft exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, transmission shaft exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

Exports by Country

Germany (X tons) and China (X tons) represented roughly X% of total exports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain in 2018. Japan (X tons) ranks next in terms of the total exports with a X% share, followed by the U.S. (X%), Italy (X%) and South Korea (X%). Spain (X tons), France (X tons), India (X tons), Taiwan, Chinese (X tons), Slovakia (X tons) and Belgium (X tons) took a minor share of total exports.

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

In value terms, the largest transmission shaft markets from Iceland were Germany ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. These countries were followed by Japan, Italy, France, Taiwan, Chinese, South Korea, Belgium, Spain, India, Slovakia and Iceland, which together accounted for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The transmission shaft export price in Iceland stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the transmission shaft export price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Iceland export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

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

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

Transmission Shaft Imports

Imports into Iceland

In 2018, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were imported into Iceland; dropping by -X% against the previous year. In general, transmission shaft imports continue to indicate a noticeable deduction. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, transmission shaft imports reached their maximum at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, transmission shaft imports totaled $X in 2018. In general, the total imports indicated a modest expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, transmission shaft imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Mexico (X tons), Germany (X tons) and China (X tons) represented the largest importers of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain, together comprising X% of total imports. The following importers - the UK (X tons), Japan (X tons), Canada (X tons), Italy (X tons), France (X tons), Spain (X tons), Poland (X tons) and Hungary (X tons) - together made up X% 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 Mexico, while the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft importing markets into Iceland were the U.S. ($X), Germany ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Mexico, Canada, France, the UK, Japan, Italy, Spain, Poland, Hungary and Iceland, which together accounted for a further X terms of the main importing countries, Canada recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the transmission shaft import price in Iceland amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the import prices for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain attained their maximum in 2018 and is expected to retain its growth in the near future.

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

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

Source: IndexBox Platform