Key Market Indicators
Iceland's freight volume is poised to hit 1,290 million tonne-kilometers by 2028, marking a steady increase from 1,200 million tonne-kilometers in 2023. This growth represents an average annual increase of 1.1%. Notably, since 2006, the country's freight supply has experienced a modest annual growth rate of 0.3%. In terms of revenue, Iceland's freight sector is projected to reach €185 million by 2028, up from €172 million in 2023. This growth also reflects an average annual increase of 1.1%. Since 2019, the market has seen an impressive average annual growth rate of 4.9%. In the global ranking for 2023, Iceland holds the 30th position, with Cyprus slightly ahead at €172 million. The top three spots are occupied by France, Poland, and Germany, respectively.
