Iceland: Ac/Dc Motor Market 2020

Ac/Dc Motor Market Size in Iceland

The revenue of the ac/dc motor market in Iceland amounted to $X in 2018, dropping by -X% against the previous year. Overall, ac/dc motor consumption continues to indicate a moderate setback. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the ac/dc motor market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Ac/Dc Motor Production in Iceland

In value terms, ac/dc motor production stood at $X in 2018 estimated in export prices. Over the period under review, ac/dc motor production, however, continues to indicate a drastic decline. The growth pace was the most rapid in 2015 when production volume increased by X% year-to-year. Iceland ac/dc motor production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Ac/Dc Motor Exports

Exports from Iceland

In 2018, the ac/dc motor exports from Iceland amounted to X units, approximately equating the previous year. Over the period under review, ac/dc motor exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, ac/dc motor exports attained their peak of X units. From 2015 to 2018, the growth of ac/dc motor exports failed to regain its momentum.

In value terms, ac/dc motor exports amounted to $X in 2018. Overall, ac/dc motor exports continue to indicate a deep curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, ac/dc motor exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units) was the main exporter of universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators), achieving X% of total exports. Italy (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Mexico (X%). Vietnam (X units), Germany (X units), the U.S. (X units), the Czech Republic (X units), South Korea (X units), Slovakia (X units), France (X units) and Slovenia (X units) held a little share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Slovenia (+X%) and Germany (+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. Italy and the Czech Republic experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Slovakia (-X%), France (-X%), Mexico (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and Vietnam increased by +X% and +X% percentage points, while Mexico (-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 ($X), Germany ($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. Italy, Mexico, France, the Czech Republic, South Korea, Vietnam, Slovakia, Slovenia and Iceland lagged somewhat behind, together comprising a further X Nam recorded the highest rates of growth with regard to 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

In 2018, the ac/dc motor export price in Iceland amounted to $X per unit, reducing by -X% against the previous year. In general, the ac/dc motor export price continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. In that year, the export prices for universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) attained their peak level of $X per unit. From 2016 to 2018, the growth in terms of the export prices for universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Slovenia ($X per unit) 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.

Ac/Dc Motor Imports

Imports into Iceland

In 2018, the amount of universal ac/dc motors of an output exceeding X w; other ac motors; ac generators (alternators) imported into Iceland totaled X units, declining by -X% against the previous year. In general, ac/dc motor imports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. In that year, ac/dc motor imports reached their peak of X units, and then declined slightly in the following year.

In value terms, ac/dc motor imports amounted to $X in 2018. Overall, the total imports indicated a strong expansion from 2007 to 2018: its value increased 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, ac/dc motor imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, ac/dc motor imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

The countries with the highest levels of ac/dc motor imports in 2018 were the U.S. (X units), Mexico (X units), Brazil (X units), Malaysia (X units), Italy (X units), Turkey (X units), India (X units), Poland (X units), Germany (X units), Thailand (X units), China, Hong Kong SAR (X units) and France (X units), together finishing at X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Brazil, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Mexico, France, India, Poland, Turkey, Malaysia, Brazil, Thailand, China, Hong Kong SAR and Iceland lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The ac/dc motor import price in Iceland stood at $X per unit in 2018, going up by X% against the previous year. In general, the ac/dc motor import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. Iceland import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform