Iceland: Wooden Kitchen Furniture Market 2020

Wooden Kitchen Furniture Market Size in Iceland

The revenue of the wooden kitchen furniture market in Iceland amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, wooden kitchen furniture consumption continues to indicate a mild deduction. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the wooden kitchen furniture market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Wooden Kitchen Furniture Production in Iceland

In value terms, wooden kitchen furniture production totaled $X in 2018 estimated in export prices. Over the period under review, wooden kitchen furniture production continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2016 when production volume increased by X% year-to-year. Iceland wooden kitchen furniture production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Wooden Kitchen Furniture Exports

Exports from Iceland

In 2018, approx. X units of wooden furniture for kitchens were exported from Iceland; picking up by X% against the previous year. Overall, wooden kitchen furniture exports, however, continue to indicate an abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, wooden kitchen furniture exports attained their peak figure at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, wooden kitchen furniture exports totaled $X in 2018. Over the period under review, wooden kitchen furniture exports, however, continue to indicate a drastic slump. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. In that year, wooden kitchen furniture exports attained their peak of $X. From 2015 to 2018, the growth of wooden kitchen furniture exports failed to regain its momentum.

Exports by Country

In 2018, China (X units) and Germany (X units) were the key exporters of wooden furniture for kitchensacross the globe, together recording near X% of total exports. It was distantly followed by Italy (X units) and Canada (X units), together mixing up an X% share of total exports. Poland (X units), Vietnam (X units), Spain (X units), Malaysia (X units), Denmark (X units), the U.S. (X units), Sweden (X units) and France (X units) followed a long way behind the leaders.

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

In value terms, the largest wooden kitchen furniture markets from Iceland were Germany ($X), China ($X) and Italy ($X), together comprising X% of total exports. These countries were followed by Canada, Denmark, Malaysia, Vietnam, Spain, Poland, the U.S., France, Sweden and Iceland, which together accounted for a further X the main exporting countries, Vietnam recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wooden kitchen furniture export price in Iceland stood at $X per unit in 2018, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Iceland export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

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

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

Wooden Kitchen Furniture Imports

Imports into Iceland

In 2018, the imports of wooden furniture for kitchens into Iceland stood at X units, reducing by -X% against the previous year. Over the period under review, wooden kitchen furniture imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Iceland imports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, wooden kitchen furniture imports totaled $X in 2018. Over the period under review, wooden kitchen furniture imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Iceland imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The U.S. was the largest importer of wooden furniture for kitchens in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2018. France (X units) took an X% share (based on tons) of total imports, which put it in second place, followed by China (X%). Germany (X units), Russia (X units), the Netherlands (X units), Austria (X units), the UK (X units), Luxembourg (X units), Norway (X units), the United Arab Emirates (X units) and Sweden (X units) occupied a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Luxembourg (+X%), China (+X%), the United Arab Emirates (+X%), Austria (+X%), Sweden (+X%), Russia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France and Norway experienced a relatively flat trend pattern. By contrast, the UK (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), China (+X p.p.), Luxembourg (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and the Netherlands 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, the U.S. ($X) constitutes the largest market for imported wooden furniture for kitchens into Iceland, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2018, the wooden kitchen furniture import price in Iceland amounted to $X per unit, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. In that year, the import prices for wooden furniture for kitchens reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform