Iceland: Diesel Engine Market 2020

Diesel Engine Market Size in Iceland

The revenue of the diesel engine 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). Over the period under review, diesel engine consumption continues to indicate notable growth. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. In that year, the diesel engine market attained its peak level of $X. From 2017 to 2018, the growth of the diesel engine market remained at a lower figure.

Diesel Engine Exports

Exports from Iceland

In 2018, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Iceland; standing approx. at the previous year. Over the period under review, diesel engine exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, diesel engine exports reached their peak of X units. From 2014 to 2018, the growth of diesel engine exports remained at a somewhat lower figure.

In value terms, diesel engine exports totaled $X in 2018. Over the period under review, diesel engine exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, diesel engine exports reached their peak figure at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China (X units) and Japan (X units) were the main exporters of diesel engines (other than for motor vehicles and aircraft)across the globe, together achieving X% of total exports. Germany (X units) took the next position in the ranking, followed by France (X units). All these countries together held approx. X% share of total exports. The following exporters - the U.S. (X units), Italy (X units), Yemen (X units), South Korea (X units), the UK (X units), India (X units), Sweden (X units) and the Netherlands (X units) - together made up X% 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 Yemen (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the UK ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. The U.S., China, France, Italy, South Korea, Sweden, India, the Netherlands, Yemen and Iceland lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the diesel engine export price in Iceland amounted to $X per unit, growing by X% against the previous year. Over the period under review, the diesel engine export price, however, continues to indicate a perceptible deduction. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. Over the period under review, the export prices for diesel engines (other than for motor vehicles and aircraft) reached their maximum at $X per unit in 2012; however, from 2013 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 the UK ($X per unit), while Yemen ($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.

Diesel Engine Imports

Imports into Iceland

Diesel engine imports into Iceland amounted to X units in 2018, going up by X% against the previous year. In general, diesel engine imports continue to indicate a conspicuous increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. In that year, diesel engine imports attained their peak of X units. From 2017 to 2018, the growth of diesel engine imports failed to regain its momentum.

In value terms, diesel engine imports totaled $X in 2018. In general, diesel engine imports continue to indicate a deep drop. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. In that year, diesel engine imports reached their peak of $X. From 2012 to 2018, the growth of diesel engine imports failed to regain its momentum.

Imports by Country

China represented the main importer of diesel engines (other than for motor vehicles and aircraft) in the world, with the volume of imports resulting at X units, which was near X% of total imports in 2018. South Korea (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), the Philippines (X%), the U.S. (X%) and Myanmar (X%). The UK (X units), India (X units), Singapore (X units), Italy (X units) and France (X units) occupied a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to diesel engine imports into China stood at +X%. At the same time, the United Arab Emirates (+X%), South Korea (+X%), Singapore (+X%), the Philippines (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. India and Italy experienced a relatively flat trend pattern. By contrast, the UK (-X%), France (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the United Arab Emirates, South Korea, the Philippines and Singapore increased by +X%, +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.), France (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diesel engine importing markets into Iceland were the U.S. ($X), China ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by the UK, France, South Korea, Singapore, India, the Philippines, the United Arab Emirates, Myanmar and Iceland, which together accounted for a further X Philippines recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The diesel engine import price in Iceland stood at $X per unit in 2018, falling by -X% against the previous year. Overall, the diesel engine import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for diesel engines (other than for motor vehicles and aircraft) attained their peak figure at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Myanmar ($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 U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform