Iceland: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2019

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Iceland

The revenue of the electric oven and cooker 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). Overall, electric oven and cooker consumption continues to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the electric oven and cooker market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Iceland

In 2018, the exports of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters from Iceland amounted to X units, going down by -X% against the previous year. In general, electric oven and cooker exports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Over the period under review, electric oven and cooker exports reached their peak figure at X units in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, electric oven and cooker exports amounted to $X in 2018. Overall, electric oven and cooker exports continue to indicate a precipitous deduction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. In that year, electric oven and cooker exports attained their peak of $X. From 2014 to 2018, the growth of electric oven and cooker exports failed to regain its momentum.

Exports by Country

China dominates electric oven and cooker exports structure, amounting to X units, which was near X% of total exports in 2018. Germany (X units) took the second position in the ranking, followed by Turkey (X units). All these countries together occupied approx. X% share of total exports. The following exporters - Slovenia (X units), Poland (X units), Spain (X units), Malaysia (X units), Italy (X units), the Netherlands (X units), China, Hong Kong SAR (X units), South Korea (X units) and Thailand (X units) - together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Malaysia (+X%), Slovenia (+X%), the Netherlands (+X%), South Korea (+X%), China, Hong Kong SAR (+X%), Poland (+X%), Spain (+X%), Turkey (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Thailand (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Slovenia, Poland, Turkey, Malaysia, Germany, the Netherlands and Spain increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Italy (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Poland, Italy, Spain, Thailand, Slovenia, Malaysia, the Netherlands, South Korea, China, Hong Kong SAR and Iceland, which together accounted for a further X experienced the highest growth rate of 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

The electric oven and cooker export price in Iceland stood at $X per unit in 2018, falling by -X% against the previous year. Overall, the electric oven and cooker export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. Iceland export price peaked at $X per unit 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 Italy ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

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

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Iceland

In 2018, the electric oven and cooker imports into Iceland amounted to X units, going up by X% against the previous year. Overall, electric oven and cooker imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Iceland imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, electric oven and cooker imports stood at $X in 2018. Over the period under review, electric oven and cooker imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. In that year, electric oven and cooker imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units), Germany (X units) and the UK (X units) represented the main importers of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in the world, creating X% of total import. France (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Russia (X%). China, Hong Kong SAR (X units), the Netherlands (X units), Canada (X units), Italy (X units), India (X units), the Czech Republic (X units) and Poland (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker importing markets into Iceland were the U.S. ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by France, Canada, Russia, the Netherlands, Poland, Italy, China, Hong Kong SAR, the Czech Republic, India and Iceland, which together accounted for a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The electric oven and cooker import price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. In general, the electric oven and cooker import price, however, continues to indicate an abrupt contraction. The growth pace was the most rapid in 2018 when the import price increased by X% year-to-year. Over the period under review, the import prices for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters reached their maximum at $X per unit in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform