Iceland: Tableware Market 2020

Tableware Market Size in Iceland

The revenue of the tableware 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, tableware consumption continues to indicate a moderate deduction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, the tableware market attained its peak level of $X, and then declined slightly in the following year.

Tableware Exports

Exports from Iceland

In 2018, the amount of tableware exported from Iceland amounted to X tons, shrinking by -X% against the previous year. Overall, tableware exports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, tableware exports reached their peak figure at X tons in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, tableware exports stood at $X in 2018. Overall, tableware exports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Iceland exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

China prevails in tableware exports structure, reaching X tons, which was approx. X% of total exports in 2018. The following exporters - Vietnam (X tons), India (X tons), Germany (X tons) and France (X tons) - each accounted for a X% share of total exports.

China experienced a relatively flat trend pattern of tableware exports. At the same time, France (+X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Vietnam experienced a relatively flat trend pattern. By contrast, Germany (-X%) and India (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, tableware exports 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: Vietnam (+X% per year) and Germany (+X% per year).

Export Prices by Country

The tableware export price in Iceland stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the tableware export price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices for tableware reached their maximum in 2018 and is expected to retain its growth in the near future.

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

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

Tableware Imports

Imports into Iceland

In 2018, approx. X tons of tableware were imported into Iceland; shrinking by -X% against the previous year. Over the period under review, tableware imports continue to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Iceland imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, tableware imports stood at $X in 2018. Over the period under review, tableware imports continue to indicate a measured contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, tableware imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) and the UK (X tons) represented the largest importers of tableware, together constituting X% of total imports. France (X tons), Indonesia (X tons), Iran (X tons), the United Arab Emirates (X tons), the Netherlands (X tons), Canada (X tons), Mexico (X tons), Spain (X tons) and Brazil (X tons) followed a long way behind the leaders.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Mexico (+X%), Indonesia (+X%), Brazil (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, the UK (-X%), Iran (-X%), France (-X%), Canada (-X%), Germany (-X%), Spain (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. Spain (-X p.p.), the UK (-X p.p.), France (-X p.p.), Germany (-X p.p.), the United Arab Emirates (-X p.p.) and the U.S. (-X p.p.) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., tableware imports remained relatively stable over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the UK (-X% per year).

Import Prices by Country

In 2018, the tableware import price in Iceland amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the tableware import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. In that year, the import prices for tableware attained their peak level of $X per ton. From 2016 to 2018, the growth in terms of the import prices for tableware remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform