Key Market Indicators
Iceland's truck import market is projected to reach approximately $153 million by 2028, up from about $127 million in 2023. This marks an average annual growth rate of 3%. Since 1993, the country's demand for trucks has seen an average yearly increase of 4.5%. In stark contrast, Iceland's truck export figures have plummeted. In 2018, the export value dropped to roughly $72,000 from nearly $289,000 in 2017, representing a steep decline of 75% compared to the previous year. Since 1998, the supply of trucks for export from Iceland has decreased by an average of 36% annually.