Iceland: Market for Road Tractors For Semi-Trailers 2019

Market Size for Road Tractors For Semi-Trailers in Iceland

The revenue of the road tractor for semi-trailer market in Iceland amounted to $X in 2018, rising 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, road tractor for semi-trailer consumption, however, continues 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. Iceland road tractor for semi-trailer consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Iceland

In 2018, approx. X units of road tractors for semi-trailers were exported from Iceland; declining by -X% against the previous year. Overall, road tractor for semi-trailer exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, road tractor for semi-trailer exports reached their peak figure at X units in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, road tractor for semi-trailer exports amounted to $X in 2018. Over the period under review, road tractor for semi-trailer exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, road tractor for semi-trailer exports reached their maximum at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Mexico was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by the Netherlands (X units), Germany (X units), Belgium (X units), the U.S. (X units) and France (X units), together mixing up a X% share of total exports. Spain (X units), Poland (X units), Sweden (X units), China (X units) and Brazil (X units) held a little share of total exports.

Mexico was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Spain (+X%), the U.S. (+X%), China (+X%), Brazil (+X%) and France (+X%) displayed positive paces of growth. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, Sweden (-X%) and Germany (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the U.S., Spain and Poland increased by +X%, +X%, +X% and +X% percentage points, while Germany (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Among the main exporting countries, Mexico experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the road tractor for semi-trailer export price in Iceland amounted to $X per unit, reducing by -X% against the previous year. In general, the road tractor for semi-trailer export price continues to indicate an abrupt decline. The growth pace was the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, the export prices for road tractors for semi-trailers reached their peak figure at $X per unit in 2009; however, from 2010 to 2018, export prices failed to regain their momentum.

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

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

Imports of Road Tractors For Semi-Trailers

Imports into Iceland

In 2018, approx. X units of road tractors for semi-trailers were imported into Iceland; jumping by X% against the previous year. In general, road tractor for semi-trailer imports, however, continue to indicate a measured slump. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, road tractor for semi-trailer imports attained their peak figure at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, road tractor for semi-trailer imports stood at $X in 2018. Over the period under review, road tractor for semi-trailer imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Iceland imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

The U.S. represented the main importer of road tractors for semi-trailers in the world, with the volume of imports finishing at X units, which was near X% of total imports in 2018. It was distantly followed by Canada (X units), making up an X% share of total imports. Poland (X units), Spain (X units), Italy (X units), Germany (X units), France (X units), Russia (X units), the Netherlands (X units), Belgium (X units), the UK (X units) and Ukraine (X units) held a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Canada (+X%), Ukraine (+X%), the Netherlands (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Spain experienced a relatively flat trend pattern. By contrast, the UK (-X%), Italy (-X%), Germany (-X%), France (-X%), Belgium (-X%) and Russia (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) and Canada (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Russia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported road tractors for semi-trailers into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., road tractor for semi-trailer imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Canada (+X% per year) and Germany (+X% per year).

Import Prices by Country

The road tractor for semi-trailer import price in Iceland stood at $X per unit in 2018, going up by X% against the previous year. Overall, the import price indicated a significant expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, road tractor for semi-trailer import price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Over the period under review, the import prices for road tractors for semi-trailers attained their peak figure in 2018 and is likely to see steady growth in the near future.

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