Iceland: Carpet Market 2020

Carpet Market Size in Iceland

The revenue of the carpet market in Iceland amounted to $X in 2018, dropping 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). Over the period under review, carpet consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Iceland carpet consumption peaked at $X in 2017, and then declined slightly in the following year.

Carpet Exports

Exports from Iceland

In 2018, approx. X tons of carpets and other textile floor coverings were exported from Iceland; falling by -X% against the previous year. In general, carpet exports continue to indicate a deep deduction. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, carpet exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, carpet exports totaled $X in 2018. Over the period under review, carpet exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, carpet exports attained their maximum at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Turkey (X tons), distantly followed by China (X tons), Belgium (X tons), the Netherlands (X tons), India (X tons) and the U.S. (X tons) represented the key exporters of carpets and other textile floor coverings, together creating X% of total exports. The following exporters - Germany (X tons) and the UK (X tons) - each recorded a X% share 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 Turkey, while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Belgium ($X) were 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, Turkey experienced 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

In 2018, the carpet export price in Iceland amounted to $X per ton, coming down by -X% against the previous year. Overall, the carpet export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 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 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 ($X per ton), while Turkey ($X per ton) 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.

Carpet Imports

Imports into Iceland

In 2018, the imports of carpets and other textile floor coverings into Iceland totaled X tons, lowering by -X% against the previous year. Overall, carpet imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, carpet imports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, carpet imports amounted to $X in 2018. Over the period under review, carpet imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, carpet imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by the UK (X tons), Germany (X tons), Canada (X tons) and Saudi Arabia (X tons) were the main importers of carpets and other textile floor coverings, together mixing up X% of total imports. The following importers - the Netherlands (X tons), Belgium (X tons), Iraq (X tons), France (X tons), Australia (X tons), Japan (X tons) and Poland (X tons) - together made up X% 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 Saudi Arabia, while the other leaders experienced more modest paces of growth.

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

In the U.S., carpet imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

The carpet import price in Iceland stood at $X per ton in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, the import prices for carpets and other textile floor coverings reached their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform