Key Market Indicators
Iceland's leather goods exports are expected to reach $23 million by 2026, up from $20.7 million in 2021. On average, this represents an increase of 1.8% year-on-year. Since 1997, supply has dropped by 19.9% year-on-year. Iceland's leather goods imports will reach $3 million in 2026, up from $2.9 million in 2021. This is an increase of 0.7% year-on-year, on average. Since 1993, demand has jumped by 3.4% year-on-year. In 2021, Iceland was number 76 in the global ranking, overtaken by Montenegro, which had $2.9 million in imports. Germany, France and Italy came in at 2nd, 3rd and 4th respectively. Iceland's leather goods sales reached €2.4 million in 2018, up from €1.4 million in 2017. The country was number 31 in 2018, with Latvia coming in ahead at €2.4 million. France, Spain and Germany took the 2nd, 3rd and 4th spots in the global ranking respectively.
