Iceland: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2019

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Iceland

The revenue of the tube or pipe fitting 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, tube or pipe fitting consumption continues to indicate an abrupt slump. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Iceland tube or pipe fitting consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Iceland

In 2018, the exports of tube or pipe fittings (of iron or steel) from Iceland amounted to X tons, dropping by -X% against the previous year. In general, tube or pipe fitting exports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Iceland exports peaked at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, tube or pipe fitting exports totaled $X in 2018. Overall, tube or pipe fitting exports continue to indicate a drastic descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. In that year, tube or pipe fitting exports reached their peak of $X. From 2017 to 2018, the growth of tube or pipe fitting exports remained at a lower figure.

Exports by Country

China represented the largest exporter of tube or pipe fittings (of iron or steel) in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%). The following exporters - South Korea (X tons), Germany (X tons), the U.S. (X tons), Poland (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), France (X tons) and Taiwan, Chinese (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to tube or pipe fitting exports from China stood at +X%. At the same time, India (+X%), Malaysia (+X%), Poland (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Germany (-X%), Thailand (-X%), Taiwan, Chinese (-X%), South Korea (-X%) and France (-X%) illustrated a downward trend over the same period. China (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while South Korea and France saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tube or pipe fitting supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Italy (-X% per year) and Germany (+X% per year).

Export Prices by Country

The tube or pipe fitting export price in Iceland stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the tube or pipe fitting export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 when the export price increased by X% year-to-year. Iceland export price peaked at $X per ton in 2012; however, from 2013 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. ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Iceland

In 2018, approx. X tons of tube or pipe fittings (of iron or steel) were imported into Iceland; declining by -X% against the previous year. Overall, tube or pipe fitting imports continue to indicate a deep decline. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, tube or pipe fitting imports amounted to $X in 2018. In general, tube or pipe fitting imports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. 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 Mexico (X tons) and Germany (X tons) were the key importers of tube or pipe fittings (of iron or steel), together making up X% of total imports. Japan (X tons), Canada (X tons), Malaysia (X tons), South Korea (X tons), Singapore (X tons), Saudi Arabia (X tons), Italy (X tons), the UK (X tons) and the United Arab Emirates (X tons) held a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to tube or pipe fitting imports into the U.S. stood at +X%. At the same time, Mexico (+X%) and Malaysia (+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. Germany, Canada, Japan and the UK experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%), Singapore (-X%), South Korea (-X%), the United Arab Emirates (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) and Mexico (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported tube or pipe fittings (of iron or steel) into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., tube or pipe fitting imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the tube or pipe fitting import price in Iceland amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the tube or pipe fitting import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. Iceland import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform