Key Market Indicators
**Icelandic Beer Sales Projected to Hit €8.7 Million by 2028** Reykjavik - Icelandic beer sales are forecasted to reach €8.7 million by 2028, rising from €7.9 million in 2023. This marks a steady annual growth rate of 1.4%. Since 2019, the Icelandic beer market has seen an average annual increase of 4.2%. In 2023, Iceland ranked 24th globally, with Bosnia and Herzegovina slightly ahead at €7.9 million. Leading the global ranking were the United Kingdom, Spain, and Belgium, occupying the second, third, and fourth positions respectively. **Icelandic Beer Production to Climb to 30,880 Metric Tons by 2028** Iceland's beer production is set to rise to 30,880 metric tons by 2028, up from 27,640 metric tons in 2023. This represents an average annual growth rate of 1.8%. Since 1966, Icelandic beer supply has seen a consistent annual increase of 3%. In 2023, Iceland ranked 118th worldwide, with the Central African Republic just ahead at 27,640 metric tons. The top spots in this ranking were held by the United States, Brazil, and Mexico, placed second, third, and fourth respectively.