United Nations Statistical Office reported that the indicator sharply increased by 32.77 percent in 2017. It hit its 30-year high as the variable grew greatly from 1 674 388 US Dollar to 2 223 066.5 US Dollar, as it follows the tendency of the previous year when it went up by 11.97%. Iceland saw a rise of 1 080.91% in processed food import over the past 30 years. As well as it has shown an increase at a 0.07% average annual growth rate over the five years with a negligible overall raise since the start of observations. It averaged 639 986.12 US Dollar from 1988 to 2017 and it attained its minimum of 178 752 US Dollar in 1992.