Iceland: Internal Combustion Engines Market Overview 2020

Internal Combustion Engines Market Size in Iceland

The revenue of the internal combustion engines 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). Overall, internal combustion engines consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the internal combustion engines market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports from Iceland

In 2018, the exports of motor vehicles compression-ignition internal combustion piston engines from Iceland totaled X units, waning by -X% against the previous year. In general, internal combustion engines exports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, internal combustion engines exports attained their peak figure at X units in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

In value terms, internal combustion engines exports amounted to $X in 2018. Overall, internal combustion engines exports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, internal combustion engines exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Hungary (X units), France (X units), Poland (X units), the U.S. (X units), Germany (X units), Italy (X units), Japan (X units), Austria (X units), Spain (X units), Sweden (X units) and Thailand (X units) represented roughly X% of total exports of motor vehicles compression-ignition internal combustion piston engines in 2018.

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

In value terms, the largest internal combustion engines markets from Iceland were the U.S. ($X), Germany ($X) and France ($X), together accounting for X% of total exports. These countries were followed by Hungary, Austria, the UK, Sweden, Poland, Italy, Thailand, Japan, Spain and Iceland, which together accounted for a further X terms of the main exporting countries, Thailand experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the internal combustion engines export price in Iceland amounted to $X per unit, going up by X% against the previous year. Overall, the internal combustion engines export price continues to indicate a slight increase. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, the export prices for motor vehicles compression-ignition internal combustion piston engines attained their maximum in 2018 and is likely to see steady growth in the immediate term.

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

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

Internal Combustion Engines Imports

Imports into Iceland

In 2018, the internal combustion engines imports into Iceland totaled X units, declining by -X% against the previous year. Overall, internal combustion engines imports continue to indicate an abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Iceland imports peaked at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, internal combustion engines imports stood at $X in 2018. Over the period under review, internal combustion engines imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, internal combustion engines imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X units), distantly followed by Mexico (X units), the U.S. (X units), Turkey (X units), the UK (X units) and the Czech Republic (X units) represented the key importers of motor vehicles compression-ignition internal combustion piston engines, together comprising X% of total imports. Spain (X units), Italy (X units), France (X units), Argentina (X units), Romania (X units) and Russia (X units) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to internal combustion engines imports into Germany stood at +X%. At the same time, Mexico (+X%), Argentina (+X%), the U.S. (+X%), Russia (+X%), the Czech Republic (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), the UK (-X%), Spain (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., the Czech Republic, Germany and Argentina increased by +X%, +X%, +X%, +X% and +X% percentage points, while Spain (-X p.p.), the UK (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest internal combustion engines importing markets into Iceland were Mexico ($X), Germany ($X) and the U.S. ($X), with a combined X% share of total imports. These countries were followed by Spain, Turkey, the Czech Republic, the UK, France, Italy, Russia, Argentina, Romania and Iceland, which together accounted for a further X the main importing countries, Russia experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the internal combustion engines import price in Iceland amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the internal combustion engines import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the import prices for motor vehicles compression-ignition internal combustion piston engines attained their peak level and is likely to continue its growth in the immediate term.

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

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

Source: IndexBox AI Platform