Key Market Indicators
Icelander Plastic Product Sales are projected to hit approximately €62.5 million by 2028, showing marginal growth from €62.2 million in 2023, with an annual growth rate of 0.1%. Since 2019, the Icelandic market has expanded by 2.4% annually. The country ranked 32nd in 2023, with Cyprus surpassing it at €62.2 million. Italy, France, and the United Kingdom held the second, third, and fourth positions, respectively. Meanwhile, Icelander plastic exports are expected to reach around $27.7 million by 2028, rising from $25 million in 2023, with a compound annual growth rate (CAGR) of 1.7%. Since 1993, the nation's supply has increased by 1.1% annually. On the import front, Icelander plastic imports are forecasted to reach approximately $234.4 million by 2028, up from $209.3 million in 2023, growing at an average annual rate of 1.8%. Since 1993, the country's demand has grown by 2% each year.
