Key Market Indicators
Iceland is set to see a 3.1% drop in the export of aircraft parts by 2026, compared to 2021. This is a 36.3% decrease since 2002. In 2021, Iceland ranked 86th in the world, with Bermuda overtaking them at $436 million. Germany, Singapore and France ranked 2nd, 3rd and 4th respectively. Meanwhile, Iceland's import of aircraft parts is predicted to increase by 1.6% CAGR between 2021 and 2026. This is a 1.3% decrease since 1993. In 2021, Iceland came in at 61st place, with Lithuania taking the lead at $34.4 million. France, Germany and Singapore ranked 2nd, 3rd and 4th respectively.
