Iceland: Glass Market Overview 2020

Glass Market Size in Iceland

The revenue of the glass market in Iceland amounted to $X in 2018, lowering 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, glass consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2009 when the market value increased by X% y-o-y. Over the period under review, the glass market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Glass Exports

Exports by Country

In 2018, Saudi Arabia (X square meters), Japan (X square meters) and China (X square meters) represented the major exporters of drawn glass and blown glass in the world, mixing up X% of total export. It was distantly followed by the U.S. (X square meters) and China, Hong Kong SAR (X square meters), together committing a X% share of total exports. The following exporters - Iran (X square meters) and South Korea (X square meters) - each amounted to a X% 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 South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest glass supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by China, Hong Kong SAR, with a X% share.

In Japan, glass exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: the U.S. (+X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the glass export price in Iceland amounted to $X per square meter, reducing by -X% against the previous year. Overall, the glass export price continues to indicate a relatively flat trend pattern. Iceland export price peaked at $X per square meter in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China, Hong Kong SAR ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

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

Glass Imports

Imports into Iceland

In 2018, the imports of drawn glass and blown glass into Iceland stood at X square meters, coming down by -X% against the previous year. In general, glass imports continue to indicate a deep slump. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Iceland imports peaked at X square meters in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, glass imports amounted to $X in 2018. Overall, glass imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, glass imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X square meters) and South Korea (X square meters) were the key importers of drawn glass and blown glassaround the world, together generating X% of total imports. Taiwan, Chinese (X square meters) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by Mongolia (X%), Qatar (X%) and Brazil (X%). The following importers - Armenia (X square meters), China, Hong Kong SAR (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters) and the U.S. (X square meters) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Taiwan, Chinese recorded the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The glass import price in Iceland stood at $X per square meter in 2018, going up by X% against the previous year. In general, the glass import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when the import price increased by X% y-o-y. Over the period under review, the import prices for drawn glass and blown glass attained their peak figure at $X per square meter in 2016; however, from 2017 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 China, Hong Kong SAR ($X per square meter), while Mongolia ($X per square meter) was amongst the lowest.

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

Source: IndexBox AI Platform