Key Market Indicators
Iceland's beverage imports are expected to reach $103 million by 2026, up from $87 million in 2021. This is an average growth rate of 3% year-on-year. Since 1993, Icelandic demand has risen 10.9% annually. In 2021, Sri Lanka overtook Iceland, ranking 87th with $87 million. The United Kingdom, Germany and China ranked 2nd, 3rd and 4th respectively. Alcoholic drink exports from Iceland are predicted to reach $30 million by 2026, up from $25 million in 2021. This is a compound annual growth rate of 3.2%. Since 1993, Icelandic supply has increased by 2.4% each year. Icelandic beverage sales are forecast to reach $1.3 billion by 2026, up from $1.2 billion in 2021. This is an average growth rate of 2.2% year-on-year. Since 1995, the Icelandic market has grown by 4.5% annually. In 2021, Ethiopia overtook Iceland, ranking 65th with $1.2 billion. Japan, Germany and the United Kingdom ranked 2nd, 3rd and 4th respectively.
