Key Market Indicators
Iceland is set to experience a slight decline in livestock production over the next five years, with an average rate of 0.2% year on year. As of 2021, the country was ranked 157th, with 167,410 heads. Mauritius overtook it in the rankings, followed by Brazil, India and the United States. Meanwhile, Iceland’s livestock import is expected to grow at a slow rate of 0.5% year on year. In 2021, the country was ranked 117th, with imports of $573,690. This was overtaken by Jamaica, followed by Germany, Italy and the Netherlands. By 2026, imports are set to reach $592,240. Since 1993, Iceland’s demand for livestock has grown 6.3% year on year.
