Iceland: Yarn Market 2020

Yarn Market Size in Iceland

The revenue of the yarn market in Iceland amounted to $X in 2018, coming down 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). In general, yarn consumption continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Iceland yarn consumption peaked at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Yarn Exports

Exports from Iceland

Yarn exports from Iceland amounted to X tons in 2018, surging by X% against the previous year. Overall, yarn exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. In that year, yarn exports reached their peak of X tons. From 2013 to 2018, the growth of yarn exports failed to regain its momentum.

In value terms, yarn exports stood at $X in 2018. Over the period under review, yarn exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, yarn exports reached their peak of $X. From 2013 to 2018, the growth of yarn exports remained at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by India (X tons), Turkey (X tons), the Czech Republic (X tons) and Italy (X tons) were the main exporters of yarn of man-made filaments, together comprising X% of total exports. Taiwan, Chinese (X tons), the U.S. (X tons), Japan (X tons), South Korea (X tons), Saudi Arabia (X tons), Indonesia (X tons) and China, Hong Kong SAR (X tons) 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 India, while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2018, the yarn export price in Iceland amounted to $X per ton, declining by -X% against the previous year. Overall, the yarn export price continues to indicate an abrupt decline. The pace of growth was the most pronounced in 2013 when the export price increased by X% y-o-y. Iceland export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

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

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

Yarn Imports

Imports into Iceland

Yarn imports into Iceland totaled X tons in 2018, going down by -X% against the previous year. Overall, yarn imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Iceland imports peaked at X tons in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, yarn imports totaled $X in 2018. Over the period under review, yarn imports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, yarn imports reached their maximum at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Turkey (X tons), Belgium (X tons), the UK (X tons), Vietnam (X tons), the Netherlands (X tons) and China (X tons) represented the largest importers of yarn of man-made filaments in the world, comprising X% of total import. Germany (X tons), Egypt (X tons), the U.S. (X tons), India (X tons), China, Hong Kong SAR (X tons) and Thailand (X tons) held a minor 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 Turkey, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. The U.S., Vietnam, Germany, the UK, Belgium, the Netherlands, China, Hong Kong SAR, Egypt, Thailand and Iceland lagged somewhat behind, together accounting for a further X the main importing countries, Egypt recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the yarn import price in Iceland amounted to $X per ton, surging by X% against the previous year. Overall, the yarn import price, however, continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the import prices for yarn of man-made filaments attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform