Explosives Market Overview in Iceland
Market Overview
The Icelandic explosives market was finally on the rise to reach $
in 2019, after two years of decline. In general, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
in 2019, after two years of decline. In general, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Consumption
In 2019, consumption of prepared explosives was finally on the rise to reach tonnes after two years of decline. Over the period under review, consumption, however, showed a deep downturn. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The revenue of the explosives market in Iceland soared to $ in 2019, rising by % 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, consumption, however, showed a abrupt slump. Explosives consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
tonnes after two years of decline. Over the period under review, consumption, however, showed a deep downturn. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The revenue of the explosives market in Iceland soared to $
in 2019, rising by % 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, consumption, however, showed a abrupt slump. Explosives consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for explosives in Iceland, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Trade Balance
Iceland remains a net importer of explosives; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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