Iceland: Washing Machine Market Overview 2020

Washing Machine Market Size in Iceland

The revenue of the washing machine market in Iceland amounted to $X in 2018, declining 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). Over the period under review, washing machine consumption, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the washing machine market attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Washing Machine Exports

Exports from Iceland

In 2018, the exports of household washing and drying machines from Iceland totaled X units, rising by X% against the previous year. In general, washing machine exports, however, continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, washing machine exports attained their maximum at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, washing machine exports amounted to $X in 2018. In general, washing machine exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Iceland exports peaked at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Poland (X units), Thailand (X units) and Turkey (X units) represented the largest exporters of household washing and drying machines, together making up X% of total exports. Germany (X units), Slovakia (X units), Italy (X units), Mexico (X units) and Russia (X units) occupied a minor 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 Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest washing machine markets from Iceland were China ($X), Poland ($X) and Turkey ($X), together comprising X% of total exports. These countries were followed by Thailand, Germany, Italy, Slovakia, Mexico, Russia and Iceland, which together accounted for a further X terms of the main exporting countries, Russia experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The washing machine export price in Iceland stood at $X per unit in 2018, going up by X% against the previous year. Overall, the washing machine export price continues to indicate an outstanding increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. In that year, the export prices for household washing and drying machines reached their peak level of $X per unit. From 2017 to 2018, the growth in terms of the export prices for household washing and drying machines failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Washing Machine Imports

Imports into Iceland

Washing machine imports into Iceland totaled X units in 2018, lowering by -X% against the previous year. In general, washing machine imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Iceland imports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, washing machine imports amounted to $X in 2018. In general, washing machine imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 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

The countries with the highest levels of washing machine imports in 2018 were Germany (X units), the UK (X units), France (X units), Japan (X units), Italy (X units), the U.S. (X units), Spain (X units), Australia (X units), Sweden (X units), the United Arab Emirates (X units), Russia (X units) and Venezuela (X units), together reaching 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 Venezuela, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Japan experienced 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 washing machine import price in Iceland stood at $X per unit in 2018, jumping by X% against the previous year. In general, the washing machine import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the import prices for household washing and drying machines attained their peak figure at $X per unit in 2015; however, from 2016 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 Australia ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform