Iceland: Glass Fiber Market 2020

Glass Fiber Market Size in Iceland

The revenue of the glass fiber 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, glass fiber consumption, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the glass fiber market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Iceland

Glass fiber exports from Iceland stood at X tons in 2018, increasing by X% against the previous year. Overall, glass fiber exports, however, continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, glass fiber exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, glass fiber exports amounted to $X in 2018. Overall, glass fiber exports, however, continue to indicate an abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. In that year, glass fiber exports reached their peak of $X. From 2017 to 2018, the growth of glass fiber exports remained at a lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), Belgium (X tons), Germany (X tons), the UK (X tons) and Russia (X tons) represented the major exporters of voiles, webs, mats and other articles of glass fibers, together constituting X% of total exports. The Czech Republic (X tons), France (X tons), Poland (X tons), Canada (X tons), Spain (X tons) and the Netherlands (X tons) occupied a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to glass fiber exports from China stood at +X%. At the same time, Russia (+X%), the UK (+X%), France (+X%), Poland (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Germany and the Netherlands experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Belgium (-X%) and Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Russia and the UK increased by +X%, +X% and +X% percentage points, while Belgium (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, China recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The glass fiber export price in Iceland stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the glass fiber export price continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Iceland export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

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

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

Glass Fiber Imports

Imports into Iceland

In 2018, the glass fiber imports into Iceland stood at X tons, rising by X% against the previous year. Over the period under review, glass fiber imports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, glass fiber imports stood at $X in 2018. Over the period under review, glass fiber imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The imports of the three major importers of voiles, webs, mats and other articles of glass fibers, namely the U.S., France and Germany, represented more than fourth of total import. Mexico (X tons), Canada (X tons), Poland (X tons), Japan (X tons), Spain (X tons), the UK (X tons), Denmark (X tons), the Czech Republic (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

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

In value terms, the U.S. ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Mexico, Canada, Denmark, Japan, the UK, Spain, Poland, the Netherlands, the Czech Republic and Iceland lagged somewhat behind, together accounting for a further X terms of the main importing countries, Mexico 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 glass fiber import price in Iceland amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the glass fiber import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Iceland import price peaked at $X per ton in 2017, and then declined slightly in the following year.

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