Iceland: Cash Register Market Overview 2020

Cash Register Market Size in Iceland

The revenue of the cash register market in Iceland amounted to $X in 2018, picking up by X% against the previous year. Overall, cash register consumption, however, continues to indicate a drastic drop. The pace of growth was the most pronounced in 2012 when the market value increased by X% y-o-y. Over the period under review, the cash register market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Cash Register Production in Iceland

In value terms, cash register production stood at $X in 2018 estimated in export prices. Overall, cash register production continues to indicate an outstanding increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, cash register production attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Cash Register Exports

Exports from Iceland

In 2018, the exports of cash registers from Iceland totaled X units, surging by X% against the previous year. Over the period under review, cash register exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, cash register exports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, cash register exports amounted to $X in 2018. In general, cash register exports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Iceland exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

China was the largest exporter of cash registers in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2018. Viet Nam (X units) took the second position in the ranking, followed by Malaysia (X units) and Singapore (X units). All these countries together occupied approx. X% share of total exports. The following exporters - Taiwan, Chinese (X units) and Indonesia (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Viet Nam (+X%), Malaysia (+X%), Taiwan, Chinese (+X%), Singapore (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of China, Viet Nam, Malaysia, Singapore and Taiwan, Chinese increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2018, the cash register export price in Iceland amounted to $X per unit, lowering by -X% against the previous year. In general, the cash register export price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. In that year, the export prices for cash registers reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for cash registers remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) 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 a decline in the export price figures.

Cash Register Imports

Imports into Iceland

In 2018, the amount of cash registers imported into Iceland totaled X units, going down by -X% against the previous year. Overall, cash register imports continue to indicate a drastic drop. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. In that year, cash register imports reached their peak of X units. From 2013 to 2018, the growth of cash register imports remained at a lower figure.

In value terms, cash register imports totaled $X in 2018. Over the period under review, cash register imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Iceland imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

The countries with the highest levels of cash register imports in 2018 were the U.S. (X units), India (X units) and Singapore (X units), together recording X% of total import. It was distantly followed by Italy (X units), the UK (X units) and Russia (X units), together generating a X% share of total imports. The Netherlands (X units), China, Hong Kong SAR (X units), Japan (X units), Germany (X units), Greece (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 imports, amongst the main importing countries, was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

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

In the U.S., cash register imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and the UK (+X% per year).

Import Prices by Country

The cash register import price in Iceland stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the cash register import price continues to indicate skyrocketing growth. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the import prices for cash registers attained 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 France ($X per unit), while Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform