Iceland: Chandelier Market Overview 2020

Chandelier Market Size in Iceland

The revenue of the chandelier market in Iceland amounted to $X in 2018, going 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). Over the period under review, chandelier consumption continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Iceland chandelier consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Chandelier Exports

Exports from Iceland

In 2018, the chandelier exports from Iceland stood at X units, going down by -X% against the previous year. Overall, chandelier exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, chandelier exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, chandelier exports amounted to $X in 2018. Over the period under review, chandelier exports continue to indicate a drastic contraction. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Iceland exports peaked at $X in 2009; however, from 2010 to 2018, exports remained at a lower figure.

Exports by Country

China prevails in chandelier exports structure, reaching X units, which was near X% of total exports in 2018. Mexico (X units), Germany (X units), Italy (X units), Austria (X units), Canada (X units), Poland (X units) and Hungary (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the chandeliers exports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%) and Poland (+X%) displayed positive paces of growth. Mexico and Austria experienced a relatively flat trend pattern. By contrast, Hungary (-X%), Germany (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The chandelier export price in Iceland stood at $X per unit in 2018, jumping by X% against the previous year. Overall, the chandelier export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. Iceland export price peaked in 2018 and is expected to retain its growth in the immediate term.

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

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

Chandelier Imports

Imports into Iceland

Chandelier imports into Iceland amounted to X units in 2018, coming down by -X% against the previous year. Over the period under review, chandelier imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, chandelier imports amounted to $X in 2018. In general, chandelier imports continue to indicate a temperate descent. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, chandelier imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units) and France (X units) were the largest importers of chandeliers, together comprising X% of total imports. The following importers - Russia (X units), the UK (X units), Spain (X units), the United Arab Emirates (X units), the Netherlands (X units), Saudi Arabia (X units), Italy (X units), Australia (X units) and Malaysia (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to chandelier imports into the U.S. stood at +X%. At the same time, Malaysia (+X%), Saudi Arabia (+X%), Russia (+X%), France (+X%), the United Arab Emirates (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Netherlands and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%), Spain (-X%) and the UK (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), Malaysia (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK saw its share reduced by -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. ($X) constitutes the largest market for imported chandeliers into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2018, the chandelier import price in Iceland amounted to $X per unit, dropping by -X% against the previous year. Overall, the chandelier import price, however, continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Iceland import price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform