Iceland: Magnetic Media Market Overview 2020

Magnetic Media Market Size in Iceland

The revenue of the magnetic media market in Iceland amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, magnetic media consumption continues to indicate a deep deduction. The pace of growth was the most pronounced in 2016 when the market value increased by X% year-to-year. Iceland magnetic media consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Magnetic Media Production in Iceland

In value terms, magnetic media production stood at $X in 2018 estimated in export prices. Overall, magnetic media production, however, continues to indicate a drastic deduction. The pace of growth appeared the most rapid in 2014 when production volume increased by X% against the previous year. Iceland magnetic media production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Iceland

In 2018, approx. X tonnes of magnetic media, not recorded, except cards with a magnetic stripe were exported from Iceland; surging by X% against the previous year. Over the period under review, magnetic media exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, magnetic media exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, magnetic media exports amounted to $X in 2018. Over the period under review, magnetic media exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, magnetic media exports attained their maximum at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the key exporting country with an export of around X tonnes, which recorded X% of total exports. Malaysia (X tonnes) took the second position in the ranking, followed by Japan (X tonnes) and China (X tonnes). All these countries together held near X% share of total exports. The Netherlands (X tonnes), the UK (X tonnes), Poland (X tonnes), Spain (X tonnes), France (X tonnes), the Czech Republic (X tonnes), the U.S. (X tonnes) and Mexico (X tonnes) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Malaysia (+X%), Spain (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Mexico experienced a relatively flat trend pattern. By contrast, the UK (-X%), the Netherlands (-X%), France (-X%), the U.S. (-X%), Japan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Singapore, Malaysia and Poland increased by +X%, +X% and +X% percentage points, while the UK (-X p.p.), the Netherlands (-X p.p.), the U.S. (-X p.p.), France (-X p.p.), China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Singapore, magnetic media exports plunged by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Japan (-X% per year).

Export Prices by Country

In 2018, the magnetic media export price in Iceland amounted to $X per tonne, dropping by -X% against the previous year. Overall, the magnetic media export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices for magnetic media, not recorded, except cards with a magnetic stripe reached their maximum at $X per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while Spain ($X per tonne) 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.

Magnetic Media Imports

Imports into Iceland

Magnetic media imports into Iceland totaled X tonnes in 2018, shrinking by -X% against the previous year. Overall, magnetic media imports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, magnetic media imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, magnetic media imports stood at $X in 2018. In general, magnetic media imports continue to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, magnetic media imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

Thailand represented the major importing country with an import of about X tonnes, which accounted for X% of total imports. China (X tonnes) ranks second in terms of the total imports with a X% share, followed by the U.S. (X%), Singapore (X%), the UK (X%) and Germany (X%). France (X tonnes), Italy (X tonnes), China, Hong Kong SAR (X tonnes), Malaysia (X tonnes), the Czech Republic (X tonnes) and the Netherlands (X tonnes) occupied a relatively small share of total imports.

Thailand was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe imports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%) and Malaysia (+X%) displayed positive paces of growth. By contrast, Singapore (-X%), France (-X%), China (-X%), Italy (-X%), the U.S. (-X%), Germany (-X%), the UK (-X%), China, Hong Kong SAR (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Singapore (-X p.p.), France (-X p.p.), Italy (-X p.p.), China, Hong Kong SAR (-X p.p.), China (-X p.p.), the Netherlands (-X p.p.), Germany (-X p.p.), the U.S. (-X p.p.) and the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe into Iceland, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

In Thailand, magnetic media imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (-X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2018, the magnetic media import price in Iceland amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the magnetic media import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. In that year, the import prices for magnetic media, not recorded, except cards with a magnetic stripe attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform