Iceland - Wool - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Iceland: Wool Market Overview 2020
Wool Market Size in Iceland
The revenue of the wool market in Iceland amounted to $X in 2018, dropping by -X% against the previous year. In general, wool consumption continues to indicate a measured reduction. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Wool consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.
Wool Production in Iceland
In value terms, wool production amounted to $X in 2018 estimated in export prices. Over the period under review, wool production, however, continues to indicate a mild drop. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Wool production peaked at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.
Exports from Iceland
In 2018, the exports of wool from Iceland totaled X tonnes, jumping by X% against the previous year. Over the period under review, the total exports indicated a mild increase from 2007 to 2018: its volume 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, wool exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. In that year, wool exports attained their peak of X tonnes. From 2017 to 2018, the growth of wool exports remained at a lower figure.
In value terms, wool exports amounted to $X in 2018. In general, wool exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.
Imports into Iceland
In 2018, approx. X tonnes of wool were imported into Iceland; going up by X% against the previous year. Over the period under review, wool imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, wool imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.
In value terms, wool imports amounted to $X in 2018. Overall, wool imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, wool imports attained their maximum at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the wool market in Iceland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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