Iceland: Battery Market Overview 2020

Battery Market Size in Iceland

The revenue of the battery market in Iceland amounted to $X in 2018, shrinking 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, battery consumption continues to indicate a temperate decline. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the battery market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Battery Exports

Exports from Iceland

Battery exports from Iceland stood at X units in 2018, growing by X% against the previous year. Over the period under review, battery exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, battery exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, battery exports totaled $X in 2018. In general, battery exports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Iceland exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

China prevails in battery exports structure, amounting to X units, which was approx. X% of total exports in 2018. It was distantly followed by Indonesia (X units), the United Arab Emirates (X units), China, Hong Kong SAR (X units) and Belgium (X units), together comprising a X% share of total exports. Singapore (X units), Germany (X units), Spain (X units), Poland (X units), Japan (X units) and the U.S. (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to battery exports from China stood at +X%. At the same time, the United Arab Emirates (+X%), Spain (+X%), Poland (+X%), Germany (+X%), Singapore (+X%), Indonesia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%), China, Hong Kong SAR (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the United Arab Emirates (+X p.p.), Spain (+X p.p.), Singapore (+X p.p.), Germany (+X p.p.) and Poland (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China, Hong Kong SAR (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, battery exports 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: Singapore (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2018, the battery export price in Iceland amounted to $X per unit, surging by X% against the previous year. Over the period under review, the battery export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Iceland export price peaked at $X per unit in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Battery Imports

Imports into Iceland

In 2018, approx. X units of primary cells and primary batteries were imported into Iceland; falling by -X% against the previous year. Overall, battery imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. In that year, battery imports attained their peak of X units, and then declined slightly in the following year.

In value terms, battery imports amounted to $X in 2018. Overall, battery imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, battery imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Mozambique (X units) represented the major importer of primary cells and primary batteries, making up X% of total imports. The U.S. (X units) took an X% share (based on tonnes) of total imports, which put it in second place, followed by China, Hong Kong SAR (X%) and Germany (X%). China (X units), Japan (X units), Belgium (X units), Russia (X units), the UK (X units), the Netherlands (X units), France (X units) and Nigeria (X units) occupied a relatively small share of total imports.

Mozambique was also the fastest-growing in terms of the primary cells and primary batteries imports, with a CAGR of +X% from 2007 to 2018. At the same time, Nigeria (+X%), Japan (+X%), Russia (+X%), Germany (+X%), the U.S. (+X%) and China (+X%) displayed positive paces of growth. The Netherlands, the UK and France experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) and Belgium (-X%) illustrated a downward trend over the same period. Mozambique (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.) and Nigeria (+X p.p.) significantly strengthened its position in terms of the global imports, while China, Hong Kong SAR saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest battery importing markets into Iceland were the U.S. ($X), China, Hong Kong SAR ($X) and Germany ($X), with a combined X% share of total imports. China, the UK, France, Japan, Belgium, the Netherlands, Russia, Nigeria, Mozambique and Iceland lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the battery import price in Iceland amounted to $X per unit, coming down by -X% against the previous year. Over the period under review, the battery import price continues to indicate a significant deduction. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, the import prices for primary cells and primary batteries attained their peak figure at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox AI Platform