Iceland: Container Market 2020

Container Market Size in Iceland

The revenue of the container market in Iceland amounted to $X in 2018, picking up 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, the total market indicated remarkable growth from 2007 to 2018: its value 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, container consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the container market reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Container Exports

Exports from Iceland

In 2018, the amount of tanks, casks, drums, cans, boxes and similar containers exported from Iceland totaled X units, declining by -X% against the previous year. Overall, container exports continue to indicate an abrupt drop. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, container exports reached their maximum at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, container exports stood at $X in 2018. Over the period under review, container exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Iceland exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units) and China (X units) represented roughly X% of total exports of tanks, casks, drums, cans, boxes and similar containers in 2018. Italy (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Spain (X%), the Netherlands (X%) and the UK (X%). Poland (X units), the Czech Republic (X units), France (X units), Turkey (X units), Belgium (X units) and South Africa (X units) occupied a relatively small share of total exports.

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

In value terms, Germany ($X), China ($X) and Italy ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Spain, the Netherlands, the UK, France, the Czech Republic, Poland, Belgium, Turkey, South Africa and Iceland, which together accounted for a further X the main exporting countries, Iceland recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the container export price in Iceland amounted to $X per unit, growing by X% against the previous year. In general, the container export price continues to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices for tanks, casks, drums, cans, boxes and similar containers reached their peak figure in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per unit), while South Africa ($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.

Container Imports

Imports into Iceland

In 2018, the imports of tanks, casks, drums, cans, boxes and similar containers into Iceland stood at X units, increasing by X% against the previous year. In general, the total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, container imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, container imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, container imports stood at $X in 2018. Overall, the total imports indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, container imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, container imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

Canada prevails in container imports structure, recording X units, which was near X% of total imports in 2018. It was distantly followed by Thailand (X units), committing a X% share of total imports. Belgium (X units), the Netherlands (X units), the U.S. (X units), Germany (X units), France (X units), the UK (X units) and Spain (X units) took a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to container imports into Canada stood at +X%. At the same time, Thailand (+X%), Germany (+X%), the Netherlands (+X%), the U.S. (+X%), Spain (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK and France experienced a relatively flat trend pattern. Canada (+X p.p.) and Thailand (+X p.p.) significantly strengthened 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 largest container importing markets into Iceland were the U.S. ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. These countries were followed by France, Belgium, Canada, the UK, Spain, Thailand and Iceland, which together accounted for 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

The container import price in Iceland stood at $X per unit in 2018, rising by X% against the previous year. Over the period under review, the container import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Iceland import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

Source: IndexBox Platform