Iceland: Glass Fabric Market Overview 2020

Glass Fabric Market Size in Iceland

The revenue of the glass fabric market in Iceland amounted to $X in 2018, waning 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). Over the period under review, glass fabric consumption continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the glass fabric market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Glass Fabric Exports

Exports from Iceland

In 2018, the exports of woven fabrics (including narrow fabrics) of glass fibers from Iceland totaled X kg, increasing by X% against the previous year. Over the period under review, glass fabric exports, however, continue to indicate a drastic contraction. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, glass fabric exports attained their maximum at X kg in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, glass fabric exports totaled $X in 2018. In general, glass fabric exports, however, continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Iceland exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of about X tonnes, which resulted at X% of total exports. Taiwan, Chinese (X tonnes) occupied the second position in the ranking, followed by the Czech Republic (X tonnes) and Germany (X tonnes). All these countries together held approx. X% share of total exports. Belgium (X tonnes), Latvia (X tonnes), the U.S. (X tonnes), Belarus (X tonnes), France (X tonnes), Mexico (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to glass fabric exports from China stood at +X%. At the same time, Mexico (+X%), Latvia (+X%), Belgium (+X%), the Czech Republic (+X%), Taiwan, Chinese (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, Belarus (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, the Czech Republic, Taiwan, Chinese, Latvia and Belgium increased by +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 largest glass fabric markets from Iceland were China ($X), Taiwan, Chinese ($X) and the U.S. ($X), together accounting for X% of total exports. These countries were followed by Germany, the Czech Republic, France, Belgium, Latvia, Mexico, Belarus, Italy and Iceland, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the glass fabric export price in Iceland amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the glass fabric export price continues to indicate a deep reduction. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Iceland export price peaked at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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.

Glass Fabric Imports

Imports into Iceland

Glass fabric imports into Iceland amounted to X tonnes in 2018, coming down by -X% against the previous year. In general, glass fabric imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Iceland imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, glass fabric imports stood at $X in 2018. Over the period under review, glass fabric imports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, glass fabric imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), Germany (X tonnes), Turkey (X tonnes), the U.S. (X tonnes), India (X tonnes), Poland (X tonnes), Japan (X tonnes), Russia (X tonnes), France (X tonnes), Spain (X tonnes), South Korea (X tonnes) and Italy (X tonnes) represented roughly X% of total imports of woven fabrics (including narrow fabrics) of glass fibers in 2018.

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

In value terms, China ($X), Germany ($X) and the U.S. ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Japan, South Korea, France, Italy, Poland, Turkey, Spain, India, Russia and Iceland lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the glass fabric import price in Iceland amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the glass fabric import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Iceland import price peaked at $X per tonne in 2009; however, from 2010 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox AI Platform