Key Market Indicators
Iceland's fishing equipment exports are on the rise, projected to hit $900,000 by 2026. This is a 3.6% year-on-year rise from 2021's estimated $716,540. Since 1994, the country's supply has grown a steady 6.4% year-on-year. In 2021, Iceland came in at number 54, with Panama overtaking at $716,540. Japan, the US and Malaysia followed in positions two, three and four respectively. Imports of fishing equipment to Iceland are also predicted to reach $4 million by 2026, with an average rate of 1.5% year-on-year growth from 2021's $3.6 million. Since 1993, the country's demand has decreased by 1% year-on-year. In 2021, Iceland came in at number 54, with India overtaking at $3.6 million. Japan, South Korea and Singapore followed in positions two, three and four respectively.
