Iceland: Combine Harvester Market Overview 2020

Combine Harvester Market Size in Iceland

The revenue of the combine harvester market in Iceland amounted to $X in 2018, jumping 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, combine harvester consumption continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the combine harvester market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Combine Harvester Exports

Exports by Country

In 2018, Germany (X units), Thailand (X units), the U.S. (X units) and Belgium (X units) represented the largest exporters of combine harvester-threshers in the world, comprising X% of total export. It was distantly followed by China (X units) and Poland (X units), together generating a X% share of total exports. Finland (X units), Brazil (X units), Italy (X units), India (X units), Russia (X units) and Japan (X units) took a minor 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 Thailand, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Thailand, China, Brazil, Poland, Italy, Japan, Russia, Finland and India, which together accounted for a further X terms of the main exporting countries, Thailand recorded 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

The combine harvester export price in Iceland stood at $X per unit in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the combine harvester export price continues to indicate a relatively flat trend pattern.

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

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

Combine Harvester Imports

Imports into Iceland

In 2018, the imports of combine harvester-threshers into Iceland amounted to X units, lowering by -X% against the previous year. Overall, combine harvester imports continue to indicate a drastic downturn. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, combine harvester imports stood at $X in 2018. Overall, combine harvester imports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Canada (X units), distantly followed by Ukraine (X units), France (X units) and Poland (X units) represented the key importers of combine harvester-threshers, together comprising X% of total imports. The following importers - Australia (X units), Germany (X units), Romania (X units), Mexico (X units), Bulgaria (X units), the UK (X units), China (X units) and Russia (X units) - together made up X% of total imports.

Imports into Canada increased at an average annual rate of +X% from 2007 to 2018. At the same time, Australia (+X%), Bulgaria (+X%), China (+X%), Romania (+X%), Mexico (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Ukraine experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%), the UK (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of Canada (+X p.p.), Australia (+X p.p.), Bulgaria (+X p.p.), Romania (+X p.p.) and China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-X p.p.) and Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported combine harvester-threshers into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global imports. It was followed by Australia, with a X% share.

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

Import Prices by Country

In 2018, the combine harvester import price in Iceland amounted to $X per unit, going up by X% against the previous year. Over the period under review, the combine harvester import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by X% y-o-y. Iceland import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox AI Platform