Iceland: Bus Market 2020

Bus Market Size in Iceland

The revenue of the bus market in Iceland amounted to $X in 2018, jumping 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, bus consumption continues to indicate prominent growth. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. In that year, the bus market reached its peak level of $X. From 2014 to 2018, the growth of the bus market remained at a somewhat lower figure.

Bus Exports

Exports from Iceland

In 2018, the amount of public-transport type passenger motor vehicles exported from Iceland totaled X units, falling by -X% against the previous year. Over the period under review, bus exports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, bus exports reached their peak figure at X units in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, bus exports totaled $X in 2018. In general, bus exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, bus exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, Japan (X units), distantly followed by Aruba (X units), China (X units) and Turkey (X units) were the major exporters of public-transport type passenger motor vehicles, together creating X% of total exports. The following exporters - the U.S. (X units), Yemen (X units), Jordan (X units), South Korea (X units), Germany (X units), Thailand (X units), India (X units) and Belgium (X units) - together made up X% 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 Jordan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest bus markets from Iceland were Japan ($X), China ($X) and Turkey ($X), with a combined X% share of total exports. These countries were followed by Germany, the U.S., South Korea, Belgium, India, Thailand, Iceland, Jordan, Yemen and Aruba, which together accounted for a further X 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

The bus export price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the bus export price continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for public-transport type passenger motor vehicles attained their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Aruba ($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 (+X% per year), while the other leaders experienced more modest paces of growth.

Bus Imports

Imports into Iceland

Bus imports into Iceland stood at X units in 2018, surging by X% against the previous year. In general, bus imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. In that year, bus imports attained their peak of X units. From 2014 to 2018, the growth of bus imports failed to regain its momentum.

In value terms, bus imports totaled $X in 2018. Overall, bus imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. In that year, bus imports attained their peak of $X. From 2017 to 2018, the growth of bus imports remained at a somewhat lower figure.

Imports by Country

In 2018, Angola (X units) represented the major importer of public-transport type passenger motor vehicles, generating X% of total imports. Guatemala (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). The following importers - the Philippines (X units), Pakistan (X units), Yemen (X units), Mexico (X units) and Zambia (X units) - together made up X% of total imports.

Angola was also the fastest-growing in terms of the public-transport type passenger motor vehicles imports, with a CAGR of +X% from 2007 to 2018. At the same time, Guatemala (+X%), Pakistan (+X%), the Philippines (+X%), the United Arab Emirates (+X%), Yemen (+X%) and Mexico (+X%) displayed positive paces of growth. By contrast, Zambia (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Angola, Guatemala, the United Arab Emirates, the Philippines and Pakistan increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported public-transport type passenger motor vehicles into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the Philippines totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The bus import price in Iceland stood at $X per unit in 2018, dropping by -X% against the previous year. In general, the bus import price continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, the import prices for public-transport type passenger motor vehicles reached 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 the Philippines ($X per unit), while Angola ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform