Key Market Indicators
Iceland's chocolate industry is expected to see steady growth in the coming years. Imports are projected to reach nearly $28 million by 2026, with an average year-on-year growth rate of 2.4%. Since 1993, demand has grown 8.6% yearly. In 2021, Iceland ranked 83rd, with Mauritius ahead of them at $24.2 million. Germany, France and the UK followed in second, third and fourth place respectively. Exports are estimated to reach $3.2 million by 2026, with an average year-on-year growth rate of 2.4%. Since 1993, supply has decreased by 0.1% yearly. In 2021, Iceland was 80th in the ranking, with the Philippines ahead of them at $2.8 million. Belgium, Italy and the Netherlands followed in second, third and fourth place respectively.
