Key Market Indicators
Iceland's wool exports are expected to reach around $3.5 million by 2026, up 0.8% year-on-year from 2021's estimated $3.3 million, according to a compound annual growth rate (CAGR). Since 1993, Icelandic supply has grown 2.3% on average each year. In 2021, Iceland was ranked 57th, with Saudi Arabia overtaking it at $3.3 million. Italy, Germany and China came in at 2nd, 3rd and 4th place respectively. Wool imports to Iceland are set to reach around $3.1 million by 2026, a 1.3% year-on-year rise from 2021's estimated $2.9 million, based on a CAGR. Since 1993, Icelandic demand has grown by an average of 3.1% each year. In 2021, Iceland was ranked 80th, with Qatar overtaking at $2.9 million. Italy, Germany and the United Kingdom were 2nd, 3rd and 4th respectively.
