Iceland Electrical Equipment Industry Outlook 2022 - 2026

Key Market Indicators

Exports of electrical equipment from Iceland are set to reach around $59 million by 2026, up 2.5% on average each year since 2021. In 2021, Iceland was in 89th place, with Fiji surpassing its export value of $50.6 million. South Korea, the United States, and Germany were in second, third, and fourth place respectively. Imports of electrical equipment to Iceland are expected to reach $968 million by 2026, growing at an average rate of 1.9% year on year since 2021. In 2021, Iceland was in 85th place, with Laos surpassing its import value of $863.5 million. The United States, Germany, and Singapore were in second, third, and fourth place respectively. In 2018, Iceland's electrical equipment revenue was €6.1 million, down from €8.3 million the year prior. The country was in 31st place, with Cyprus surpassing its revenue of €6.1 million. France, Italy, and Spain took second, third, and fourth place respectively.

Iceland Electrical Equipment Market Data and Forecasts

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