Iceland: Vacuum Cleaner Market 2020

Vacuum Cleaner Market Size in Iceland

The revenue of the vacuum cleaner 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). Overall, vacuum cleaner consumption continues to indicate slight growth. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the vacuum cleaner market attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Vacuum Cleaner Exports

Exports from Iceland

In 2018, the exports of vacuum cleaners from Iceland stood at X units, going down by -X% against the previous year. Overall, vacuum cleaner exports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Iceland exports peaked at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, vacuum cleaner exports stood at $X in 2018. In general, vacuum cleaner exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, vacuum cleaner exports attained their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

China represented the major exporter of vacuum cleaners in the world, with the volume of exports reaching X units, which was approx. X% of total exports in 2018. It was distantly followed by Malaysia (X units) and Germany (X units), together making up a X% share of total exports. The following exporters - Vietnam (X units), Hungary (X units), Romania (X units) and Mexico (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Romania (+X%), Vietnam (+X%), Malaysia (+X%), Germany (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of Malaysia (+X p.p.), China (+X p.p.), Germany (+X p.p.), Vietnam (+X p.p.) and Romania (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, vacuum cleaner 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: Malaysia (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the vacuum cleaner export price in Iceland amounted to $X per unit, increasing by X% against the previous year. Overall, the vacuum cleaner export price, however, continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. Iceland export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Romania ($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, while the other leaders experienced mixed trends in the export price figures.

Vacuum Cleaner Imports

Imports into Iceland

Vacuum cleaner imports into Iceland stood at X units in 2018, lowering by -X% against the previous year. Over the period under review, vacuum cleaner imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Iceland imports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, vacuum cleaner imports amounted to $X in 2018. Overall, vacuum cleaner imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, vacuum cleaner imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

The U.S. represented the key importer of vacuum cleaners in the world, with the volume of imports reaching X units, which was near X% of total imports in 2018. Germany (X units) occupied an X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%), the UK (X%) and France (X%). Russia (X units), Australia (X units), the Netherlands (X units), Canada (X units), Italy (X units), Belgium (X units) and Spain (X units) held a relatively small share of total imports.

The U.S. experienced a relatively flat trend pattern of vacuum cleaners imports. At the same time, Australia (+X%), the Netherlands (+X%), Germany (+X%), Japan (+X%), France (+X%), Spain (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Belgium, Canada, Italy and the UK experienced a relatively flat trend pattern. While the share of Germany (+X p.p.), Japan (+X p.p.), the U.S. (+X p.p.) and Australia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., vacuum cleaner imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Japan (+X% per year).

Import Prices by Country

The vacuum cleaner import price in Iceland stood at $X per unit in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. In that year, the import prices for vacuum cleaners attained their peak level and is likely to continue its growth in the immediate term.

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

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

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Source: IndexBox Platform