Iceland: Aluminium Bar Market 2020

Aluminium Bar Market Size in Iceland

The revenue of the aluminium bar market in Iceland amounted to $X in 2018, growing 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, aluminium bar consumption, however, continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the aluminium bar market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Aluminium Bar Exports

Exports from Iceland

In 2018, approx. X tons of aluminium bars, rods and profiles were exported from Iceland; dropping by -X% against the previous year. Over the period under review, aluminium bar exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. In that year, aluminium bar exports attained their peak of X tons. From 2014 to 2018, the growth of aluminium bar exports remained at a somewhat lower figure.

In value terms, aluminium bar exports stood at $X in 2018. Overall, aluminium bar exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. In that year, aluminium bar exports reached their peak of $X. From 2014 to 2018, the growth of aluminium bar exports failed to regain its momentum.

Exports by Country

China (X tons) and Mozambique (X tons) represented roughly X% of total exports of aluminium bars, rods and profiles in 2018. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by Spain (X%) and Italy (X%). The following exporters - Turkey (X tons), the U.S. (X tons), Austria (X tons), Greece (X tons), Belgium (X tons), the Netherlands (X tons) and Malaysia (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mozambique (+X% per year), while the other leaders experienced more modest paces of growth.

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

Mozambique (+X% per year) experienced 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 aluminium bar export price in Iceland amounted to $X per ton, going up by X% against the previous year. Overall, the aluminium bar export price, however, continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2018 when the export price increased by X% y-o-y. Iceland export price peaked at $X per ton in 2007; however, from 2008 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 Germany ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Aluminium Bar Imports

Imports into Iceland

In 2018, approx. X tons of aluminium bars, rods and profiles were imported into Iceland; increasing by X% against the previous year. Overall, aluminium bar imports, however, continue to indicate a drastic descent. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, aluminium bar imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, aluminium bar imports totaled $X in 2018. In general, aluminium bar imports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tons), distantly followed by France (X tons) and the U.S. (X tons) represented the main importers of aluminium bars, rods and profiles, together constituting X% of total imports. The following importers - the UK (X tons), Spain (X tons), Belgium (X tons), Mexico (X tons), the Czech Republic (X tons), Vietnam (X tons), the Netherlands (X tons), Poland (X tons) and Austria (X tons) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), Spain (+X%), Mexico (+X%), Poland (+X%), the Czech Republic (+X%) and Austria (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The U.S., France, the Netherlands, the UK and Belgium experienced a relatively flat trend pattern. Germany (+X p.p.), Vietnam (+X p.p.), Spain (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and the U.S. ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. The UK, the Czech Republic, the Netherlands, Poland, Mexico, Belgium, Austria, Spain, Vietnam and Iceland lagged somewhat behind, together comprising a further X Nam experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the aluminium bar import price in Iceland amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, the import prices for aluminium bars, rods and profiles attained their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while Vietnam ($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 UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform