Key Market Indicators
Iceland's grain production is projected to hit approximately 8,700 metric tons by 2028, up from around 7,800 metric tons in 2023. This growth represents a compound annual growth rate (CAGR) of 1.8%. Despite this positive trend, Iceland has experienced a slight decline in grain supply since 2019, with an annual decrease of 0.4%. In 2023, Iceland ranked 153rd globally in grain production, with the United Arab Emirates narrowly surpassing it at 7,770 metric tons. Leading the global rankings, the United States, India, and Brazil secured the second, third, and fourth positions, respectively, in terms of grain production.
