Iceland: Electrical Insulating Fittings Market 2020

Electrical Insulating Fittings Market Size in Iceland

The revenue of the electrical insulating fittings market in Iceland amounted to $X in 2018, going up 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, electrical insulating fittings consumption, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the electrical insulating fittings market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Electrical Insulating Fittings Exports

Exports from Iceland

Electrical insulating fittings exports from Iceland amounted to X kg in 2018, reducing by -X% against the previous year. In general, electrical insulating fittings exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, electrical insulating fittings exports reached their peak figure at X kg in 2017, and then declined slightly in the following year.

In value terms, electrical insulating fittings exports totaled $X in 2018. Over the period under review, electrical insulating fittings exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, electrical insulating fittings exports reached their maximum at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, Germany (X tons), distantly followed by China (X tons), Hungary (X tons), the Czech Republic (X tons), Japan (X tons), the U.S. (X tons) and Austria (X tons) represented the largest exporters of electrical insulating fittings of plastics, together mixing up X% of total exports. South Korea (X tons), France (X tons), the Netherlands (X tons), Italy (X tons) and Poland (X tons) held a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to electrical insulating fittings exports from Germany stood at +X%. At the same time, the Netherlands (+X%), Poland (+X%), the Czech Republic (+X%), the U.S. (+X%), Hungary (+X%), China (+X%), Italy (+X%), South Korea (+X%), Austria (+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. Japan experienced a relatively flat trend pattern. Germany (+X p.p.), the Czech Republic (+X p.p.), China (+X p.p.), Hungary (+X p.p.), the U.S. (+X p.p.), the Netherlands (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest electrical insulating fittings supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Germany stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

The electrical insulating fittings export price in Iceland stood at $X per ton in 2018, growing by X% against the previous year. In general, the electrical insulating fittings export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, the export prices for electrical insulating fittings of plastics reached 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 Japan ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Electrical Insulating Fittings Imports

Imports into Iceland

In 2018, the amount of electrical insulating fittings of plastics imported into Iceland stood at X tons, jumping by X% against the previous year. In general, electrical insulating fittings imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Iceland imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, electrical insulating fittings imports totaled $X in 2018. In general, electrical insulating fittings imports, however, continue to indicate a measured contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Iceland imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons), China (X tons), Romania (X tons), Mexico (X tons), Hungary (X tons) and Morocco (X tons) represented roughly X% of total imports of electrical insulating fittings of plastics in 2018. The following importers - Tunisia (X tons), Ukraine (X tons), Vietnam (X tons), Poland (X tons) and Italy (X tons) - each recorded a X% share 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 Morocco, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Germany, Morocco, Hungary, Ukraine, Tunisia, Mexico, Vietnam, Poland, Italy and Iceland, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of 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 electrical insulating fittings import price in Iceland stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the electrical insulating fittings import price, however, continues to indicate a moderate curtailment. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, the import prices for electrical insulating fittings of plastics attained their maximum at $X per ton in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

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

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

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Source: IndexBox Platform