Key Market Indicators
The value of Icelander Dairy Products Sales is projected to decline to approximately €240 million by 2028, down from €270 million in 2023. This represents an average annual decrease of 1.7%. The market has been in decline since 2019, falling at an average rate of 5.1% per year. In 2023, Iceland was ranked 29th in the global dairy market, with Slovenia surpassing it at the same €270 million mark. Germany, Italy, and the Netherlands secured the second, third, and fourth positions, respectively. In terms of production, Icelander Dairy Products generated around €103 million in 2020, a decrease from €109 million in 2019. This marks a 5.2% drop in production compared to the previous year.
