Iceland: Cold-Rolled Steel Products Market 2020

Cold-Rolled Steel Products Market Size in Iceland

The revenue of the cold-rolled steel products market in Iceland amounted to $X in 2018, picking up by X% against the previous year. In general, cold-rolled steel products consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Over the period under review, the cold-rolled steel products market attained its peak figure level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Cold-Rolled Steel Products Production in Iceland

In value terms, cold-rolled steel products production amounted to $X in 2018 estimated in export prices. Over the period under review, cold-rolled steel products production, however, continues to indicate a moderate drop. The pace of growth was the most pronounced in 2012 when production volume increased by X% against the previous year. In that year, cold-rolled steel products production reached its peak level of $X. From 2013 to 2018, cold-rolled steel products production growth failed to regain its momentum.

Cold-Rolled Steel Products Exports

Exports from Iceland

In 2018, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported from Iceland stood at X tons, picking up by X% against the previous year. In general, cold-rolled steel products exports, however, continue to indicate a drastic slump. The pace of growth appeared the most rapid in 2009 when exports increased by X% against the previous year. In that year, cold-rolled steel products exports attained their peak of X tons. From 2010 to 2018, the growth of cold-rolled steel products exports remained at a somewhat lower figure.

In value terms, cold-rolled steel products exports amounted to $X in 2018. In general, cold-rolled steel products exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. In that year, cold-rolled steel products exports reached their peak of $X. From 2010 to 2018, the growth of cold-rolled steel products exports failed to regain its momentum.

Exports by Country

In 2018, China (X tons), South Korea (X tons), Japan (X tons), Belgium (X tons), Germany (X tons), Taiwan, Chinese (X tons), Russia (X tons), the Netherlands (X tons), Italy (X tons), the U.S. (X tons), France (X tons) and India (X tons) represented the key exporters of flat-rolled products of iron or steel (not further worked than cold-rolled) in the world, generating X% of total export.

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

In value terms, the largest cold-rolled steel products markets from Iceland were China ($X), South Korea ($X) and Japan ($X), together comprising X% of total exports. These countries were followed by Belgium, Germany, Taiwan, Chinese, the Netherlands, Italy, France, the U.S., Russia, India and Iceland, which together accounted for a further X the main exporting countries, India experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cold-rolled steel products export price in Iceland amounted to $X per ton, dropping by -X% against the previous year. Overall, the cold-rolled steel products export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Iceland export price peaked at $X per ton in 2013; however, from 2014 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 France ($X per ton), while Russia ($X per ton) 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 mixed trends in the export price figures.

Cold-Rolled Steel Products Imports

Imports into Iceland

In 2018, the cold-rolled steel products imports into Iceland amounted to X tons, picking up by X% against the previous year. Over the period under review, the total imports indicated buoyant growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cold-rolled steel products imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, cold-rolled steel products imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, cold-rolled steel products imports amounted to $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, cold-rolled steel products imports reached their maximum at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the twelve major importers of flat-rolled products of iron or steel (not further worked than cold-rolled), namely the U.S., Germany, China, Belgium, Italy, Turkey, Mexico, France, Indonesia, Thailand, Poland and the Netherlands, represented more than half 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 Mexico, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the U.S. ($X) and Italy ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. China, the Netherlands, Mexico, Belgium, Poland, France, Turkey, Thailand, Indonesia and Iceland lagged somewhat behind, together comprising a further X experienced the highest growth rate of 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 cold-rolled steel products import price in Iceland stood at $X per ton in 2018, going down by -X% against the previous year. In general, the cold-rolled steel products import price continues to indicate a temperate decline. The growth pace was the most rapid in 2010 when the import price increased by X% y-o-y. Over the period under review, the import prices for flat-rolled products of iron or steel (not further worked than cold-rolled) attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform