Iceland Freight Industry Outlook 2022 - 2026

Key Market Indicators

Icelandic freight volumes are set to reach 1.3 billion tonne kilometres by 2026, growing at a 1.7% annual rate of change. Since 2006, freight supply in Iceland has increased 2.4% per year on average. In 2021, the country was in 45th place, overtaken by Armenia with 1.18 billion tonne kilometres. The United States, Russia and India were respectively ranked 2nd, 3rd and 4th. Revenues for Icelandic freight transportation totalled €160.1 million in 2018, up from €159 million in 2017. The country was in 31st position in 2018, overtaken by Cyprus with €160.1 million. France, Germany and Poland were ranked 2nd, 3rd and 4th respectively.

Iceland Freight Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Freight Forwarding Brokers: A Deep Dive into Industry Trends, Challenges, and Opportunities

  The sector is witnessing heightened digitalization and increased partnerships with tech firms to improve efficiency. Moreover, due to globalization and trade liberalization, cross-border trade is increasing, which raises demand for brokerage and agency services. Conversely, environmental concerns are resulting in greater regulations, pushing entities to invest in greener transport solutions.

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• Fleet Management: The Astounding Potential for Business Optimization and Innovation

  There's an astounding potential for business optimization in the management of commercial motor vehicle fleets. A pivotal resource in diverse industries - from passenger transport to supply chain logistics - these fleets are crucial for operational efficiency. Realizing this potential necessitates a firm focus on preventive maintenance, route planning, and...

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• Refrigerated Transportation: Unveiling Trends and Impacts on Global Market Dynamics

  The vitality of refrigerated transportation is underpinned by increasing global demands in sectors such as food and beverages, pharmaceuticals, and chemicals. Growth in these industries requires that products be transported under temperature-controlled conditions to maintain quality and adhere to regulatory norms. Changing dietary habits, the expanding consumption of frozen foods,...

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• Water Hauling: Unveiling the Dynamics of Vacuum Services and Trucking Industry

  Water hauling services form an indispensable part of the logistics chain in multiple industrial sectors. An invisible cog in the mechanical behemoth of the industry, water hauling operates through specially designed vacuum trucks that transport water from one location to another. The primary sectors that rely on these services include...

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• Local Freight Trucking: Insights And Trends Reshaping the Industry Landscape

  Advancements in technology are significantly impacting industries around the globe, including the regional freight trucking industry. Digital platforms for freight management are offering increased visibility and control over cargo, optimizing operational efficiency. Additionally, the industry is witnessing a rise in the use of fleet management systems, which are helping to...

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