Key Market Indicators
The country came in number 134 in 2021, Nigeria came ahead at $24,778,000. India, Japan and Russia respectively were numbers 2, 3 and 4 in this ranking. Alcohol consumption in Iceland is set to reach 1.3 thousand metric tons by 2026, up from 0.95 thousand metric tons in 2021. This marks an average yearly growth of 4.2%. Since 2019, demand in Iceland has decreased by 1.7% annually. In 2021, the country was ranked 115th in the world for alcoholic drink consumption, with Nigeria taking the lead at 0.95 thousand metric tons. India, Japan and Russia placed second, third and fourth respectively. Icelandic alcoholic drink exports are predicted to reach $29.9 million by 2026, up from $24.8 million in 2021. This indicates a yearly growth rate of approximately 3.2%. Since 1993, exports from the country have grown by 2.4% annually. In 2021, Iceland was ranked 134th in the world for alcoholic drink exports, with Nigeria taking the lead at $24.8 million. India, Japan and Russia placed second, third and fourth respectively.
