Iceland: Starter Motor Market Overview 2020

Starter Motor Market Size in Iceland

The revenue of the starter motor market in Iceland amounted to $X in 2018, dropping 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, starter motor consumption, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Iceland starter motor consumption peaked at $X in 2017, and then declined slightly in the following year.

Starter Motor Exports

Exports from Iceland

In 2018, the exports of starter motors and dual purpose starter generators from Iceland stood at X tonnes, jumping by X% against the previous year. Over the period under review, starter motor exports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Iceland exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, starter motor exports stood at $X in 2018. Overall, starter motor exports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, starter motor exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tonnes), Japan (X tonnes), Mexico (X tonnes), the U.S. (X tonnes), Germany (X tonnes), Hungary (X tonnes), Poland (X tonnes), France (X tonnes), the Czech Republic (X tonnes), South Korea (X tonnes), India (X tonnes) and the UK (X tonnes) represented roughly X% of total exports of starter motors and dual purpose starter generators in 2018.

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

In value terms, the largest starter motor markets from Iceland were the U.S. ($X), Japan ($X) and China ($X), with a combined X% share of total exports. Mexico, Germany, Hungary, Poland, France, India, the UK, South Korea, the Czech Republic and Iceland lagged somewhat behind, together comprising a further X terms of the main exporting countries, Iceland 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 starter motor export price in Iceland amounted to $X per tonne, remaining constant against the previous year. Overall, the starter motor export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. In that year, the export prices for starter motors and dual purpose starter generators reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the export prices for starter motors and dual purpose starter generators remained at a lower figure.

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. ($X per tonne), while China ($X per tonne) was amongst the lowest.

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

Starter Motor Imports

Imports into Iceland

In 2018, the imports of starter motors and dual purpose starter generators into Iceland stood at X tonnes, dropping by -X% against the previous year. Overall, starter motor imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Iceland imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, starter motor imports amounted to $X in 2018. Overall, starter motor imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, starter motor imports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. represented the major importer of starter motors and dual purpose starter generators in the world, with the volume of imports reaching X tonnes, which was approx. X% of total imports in 2018. Germany (X tonnes) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), France (X%) and the UK (X%). The following importers - China (X tonnes), Canada (X tonnes), the Netherlands (X tonnes), Russia (X tonnes), the Czech Republic (X tonnes), Italy (X tonnes) and Spain (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to starter motor imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), the Czech Republic (+X%), Mexico (+X%), Russia (+X%), Germany (+X%), Spain (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Mexico, Germany, China, the Netherlands and the Czech Republic increased by +X%, +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 U.S. ($X) constitutes the largest market for imported starter motors and dual purpose starter generators into Iceland, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2018, the starter motor import price in Iceland amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, starter motor import price increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. In that year, the import prices for starter motors and dual purpose starter generators reached their peak level of $X per tonne; afterwards, it flattened through to 2018.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while Russia ($X per tonne) 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 AI Platform