Iceland: Smoothing Iron Market Overview 2020

Smoothing Iron Market Size in Iceland

The revenue of the smoothing iron market in Iceland amounted to $X in 2018, waning 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, smoothing iron consumption, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, the smoothing iron market attained its peak level of $X, and then declined slightly in the following year.

Smoothing Iron Exports

Exports from Iceland

In 2018, the smoothing iron exports from Iceland totaled X units, surging by X% against the previous year. Over the period under review, smoothing iron exports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, smoothing iron exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, smoothing iron exports totaled $X in 2018. Overall, smoothing iron exports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, smoothing iron exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X units) represented the main exporter of electric smoothing irons, committing X% of total exports. Indonesia (X units) took the second position in the ranking, followed by France (X units) and Germany (X units). All these countries together occupied near X% share of total exports. Singapore (X units), the Netherlands (X units), Hungary (X units), Spain (X units) and Italy (X units) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to smoothing iron exports from China stood at -X%. At the same time, the Netherlands (+X%), Indonesia (+X%), Hungary (+X%), Italy (+X%) and France (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%), Germany (-X%) and Singapore (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.), Singapore (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smoothing iron supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at -X%. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and France (+X% per year).

Export Prices by Country

In 2018, the smoothing iron export price in Iceland amounted to $X per unit, declining by -X% against the previous year. Overall, the smoothing iron export price, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2017 when the export price increased by X% year-to-year. In that year, the export prices for electric smoothing irons reached their peak level of $X per unit, and then declined slightly in the following year.

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

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

Smoothing Iron Imports

Imports into Iceland

In 2018, the amount of electric smoothing irons imported into Iceland totaled X units, coming down by -X% against the previous year. In general, smoothing iron imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, smoothing iron imports attained their peak figure at X units in 2017, and then declined slightly in the following year.

In value terms, smoothing iron imports stood at $X in 2018. Over the period under review, smoothing iron imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, smoothing iron imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The countries with the highest levels of smoothing iron imports in 2018 were the U.S. (X units), Germany (X units), Russia (X units), France (X units), the Netherlands (X units), the UK (X units), Mexico (X units), Italy (X units), South Africa (X units), the United Arab Emirates (X units), Turkey (X units) and Brazil (X units), together resulting at X% of total import.

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

In value terms, the largest smoothing iron importing markets into Iceland were the U.S. ($X), Germany ($X) and Italy ($X), with a combined X% share of total imports. Russia, France, the UK, the Netherlands, the United Arab Emirates, Turkey, Mexico, Brazil, South Africa and Iceland lagged somewhat behind, together comprising a further X terms of the main importing countries, the Netherlands recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the smoothing iron import price in Iceland amounted to $X per unit, waning by -X% against the previous year. In general, the smoothing iron import price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. In that year, the import prices for electric smoothing irons attained their peak level of $X per unit. From 2014 to 2018, the growth in terms of the import prices for electric smoothing irons remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while South Africa ($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