Key Market Indicators
Iceland's fuel import is projected to increase slightly over the next five years. According to recent data, the country's fuel import volume is expected to reach 125 cubic meters by 2028, up from 124 cubic meters in 2023. This marks an average annual growth of 0.2%. However, long-term trends show a significant decline in demand. Since 1968, Iceland's fuel import demand has decreased by approximately 24%. In contrast, Iceland's fuel export is anticipated to see more robust growth. The export volume is forecasted to rise to 147 cubic meters by 2028, compared to 126 cubic meters in 2023. This represents an average annual growth rate of 2.5%.
