Iceland: Mower Market 2020

Mower Market Size in Iceland

The revenue of the mower market in Iceland amounted to $X in 2018, picking 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). In general, mower consumption continues to indicate strong growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the mower market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Mower Exports

Exports from Iceland

In 2018, the mower exports from Iceland totaled X units, jumping by X% against the previous year. In general, mower exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. In that year, mower exports attained their peak of X units. From 2011 to 2018, the growth of mower exports remained at a lower figure.

In value terms, mower exports amounted to $X in 2018. In general, mower exports continue to indicate a drastic contraction. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Iceland exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China dominates mower exports structure, reaching X units, which was near X% of total exports in 2018. Germany (X units) took an X% share (based on tons) of total exports, which put it in second place, followed by the U.S. (X%), the UK (X%) and Mexico (X%). Italy (X units), the Netherlands (X units), Hungary (X units), Slovakia (X units), the Czech Republic (X units), Austria (X units) and Poland (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern of mowers exports. At the same time, Poland (+X%), the Netherlands (+X%), the Czech Republic (+X%), Germany (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Hungary and Mexico experienced a relatively flat trend pattern. By contrast, Austria (-X%), the U.S. (-X%), Slovakia (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Germany (+X p.p.), the UK (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of the U.S. (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Italy, Austria, the UK, Mexico, the Netherlands, Poland, Hungary, Slovakia, the Czech Republic and Iceland, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the mower export price in Iceland amounted to $X per unit, surging by X% against the previous year. Overall, the mower export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, the export prices for mowers reached their maximum at $X per unit in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

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

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

Mower Imports

Imports into Iceland

In 2018, the amount of mowers imported into Iceland totaled X units, picking up by X% against the previous year. Over the period under review, mower imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Iceland imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, mower imports totaled $X in 2018. Overall, mower imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, mower imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X units), distantly followed by the U.S. (X units), the UK (X units), Malaysia (X units) and France (X units) were the major importers of mowers, together achieving X% of total imports. Poland (X units), Canada (X units), Australia (X units), the Netherlands (X units), Russia (X units), Sweden (X units) and Italy (X units) took a relatively small 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 Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the largest mower importing markets into Iceland were Germany ($X), France ($X) and the U.S. ($X), together accounting for X% of total imports. Canada, the UK, Australia, the Netherlands, Sweden, Italy, Poland, Russia, Malaysia and Iceland lagged somewhat behind, together accounting for a further X the main importing countries, Australia experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The mower import price in Iceland stood at $X per unit in 2018, going down by -X% against the previous year. Overall, the mower import price continues to indicate an abrupt descent. The pace of growth appeared the most rapid in 2013 when the import price increased by X% year-to-year. Over the period under review, the import prices for mowers attained their maximum at $X per unit in 2010; however, from 2011 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 France ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform