Key Market Indicators
Icelander frozen food imports are projected to rise to almost $14 million by 2026. This is an increase of 3.2% each year on average from 2021, when imports totaled $11.4 million. Since 1999, Icelander demand has grown 7.1% each year. In 2021, the country was ranked 74th, overtaken by Estonia at $11.4 million. The United States, South Korea, and Japan took the top three spots in this ranking. Icelander frozen food exports are expected to reach $7.1 million by 2026, a 3.3% growth rate each year on average from 2021 when exports totaled $5.8 million. Since 1998, Icelander supply has decreased 2.2% each year. In 2021, the country was ranked 105th, surpassed by Samoa at $5.8 million. China, Spain, and Mexico took the top three spots in this ranking.