Key Market Indicators
Icelandic agricultural area is expected to reach 118,470 hectares by 2026, a decrease of 0.2% year on year. This figure has been steadily decreasing since 1966, dropping by 0.2% on average each year. As of 2021, Iceland is ranked 144th in the world, overtaken by Lebanon which has 119,920 hectares. India, Russia and China follow in 2nd, 3rd and 4th place in the rankings.
