Iceland: Wheelchair Market 2020

Wheelchair Market Size in Iceland

The revenue of the wheelchair 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). Overall, wheelchair consumption continues 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, the wheelchair market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Wheelchair Exports

Exports from Iceland

In 2018, approx. X units of wheelchairs were exported from Iceland; lowering by -X% against the previous year. In general, wheelchair exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, wheelchair exports attained their peak figure at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, wheelchair exports totaled $X in 2018. In general, wheelchair exports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. In that year, wheelchair exports reached their peak of $X. From 2015 to 2018, the growth of wheelchair exports remained at a lower figure.

Exports by Country

China dominates wheelchair exports structure, amounting to X units, which was approx. X% of total exports in 2018. The following exporters - Taiwan, Chinese (X units), Germany (X units), the UK (X units), Mexico (X units), India (X units), the Netherlands (X units) and the U.S. (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to wheelchair exports from China stood at +X%. At the same time, India (+X%), the UK (+X%), the Netherlands (+X%), Germany (+X%) and the U.S. (+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. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the UK (+X p.p.) and India (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The wheelchair export price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. In general, the wheelchair export price, however, continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. Iceland export price peaked at $X per unit in 2008; however, from 2009 to 2018, export prices failed to regain their momentum.

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

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

Wheelchair Imports

Imports into Iceland

In 2018, the amount of wheelchairs imported into Iceland totaled X units, surging by X% against the previous year. In general, wheelchair imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, wheelchair imports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, wheelchair imports totaled $X in 2018. In general, wheelchair imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, wheelchair imports attained their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. (X units) and the UK (X units) represented the key importers of wheelchairs in 2018, finishing at near X% and X% of total imports, respectively. It was distantly followed by Germany (X units), achieving a X% share of total imports. India (X units), Mexico (X units), Italy (X units), Russia (X units), Taiwan, Chinese (X units), France (X units), the Netherlands (X units), Canada (X units) and Malaysia (X units) occupied a relatively small share 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 India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported wheelchairs into Iceland, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: the UK (+X% per year) and France (+X% per year).

Import Prices by Country

In 2018, the wheelchair import price in Iceland amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the wheelchair import price continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Iceland import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while India ($X per unit) 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