Iceland: Crane Lorry Market Overview 2020

Crane Lorry Market Size in Iceland

The revenue of the crane lorry market in Iceland amounted to $X in 2018, shrinking 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, crane lorry consumption continues to indicate an abrupt descent. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the crane lorry market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Crane Lorry Exports

Exports from Iceland

In 2018, the amount of crane lorries exported from Iceland amounted to X units, increasing by X% against the previous year. Overall, crane lorry exports, however, continue to indicate a deep decline. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Iceland exports peaked at X units in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, crane lorry exports amounted to $X in 2018. In general, crane lorry exports, however, continue to indicate a moderate decline. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. Iceland exports peaked at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Luxembourg (X units) and Namibia (X units) dominates crane lorry exports structure, together creating X% of total exports. Uganda (X units) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Jamaica (X%). Germany (X units) held 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 Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Iceland (-X% per year).

Export Prices by Country

The crane lorry export price in Iceland stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the crane lorry export price continues to indicate remarkable growth. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices for crane lorries attained their peak figure in 2018 and is likely to continue its growth in the immediate term.

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

Crane Lorry Imports

Imports into Iceland

Crane lorry imports into Iceland stood at X units in 2018, waning by -X% against the previous year. Overall, crane lorry imports continue to indicate a deep deduction. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Iceland imports peaked at X units in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, crane lorry imports amounted to $X in 2018. In general, crane lorry imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Belgium (X units) represented the main importer of crane lorries, comprising X% of total imports. It was distantly followed by Saint Lucia (X units), creating a X% share of total imports.

From 2007 to 2018, average annual rates of growth with regard to crane lorry imports into Belgium stood at +X%. At the same time, Saint Lucia (+X%) displayed positive paces of growth. Moreover, Saint Lucia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Belgium and Saint Lucia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported crane lorries into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Iceland ($X), with a X% share of global imports.

From 2007 to 2018, the average annual growth rate of value in Belgium amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Iceland (+X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

In 2018, the crane lorry import price in Iceland amounted to $X per unit, surging by X% against the previous year. Overall, the crane lorry import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Iceland import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per unit), while Saint Lucia totaled $X per unit.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium.

Source: IndexBox AI Platform