Commodities: Iceland

June 2024

The commodities country overview provides comprehensive data on production, consumption and price trends on key commodities markets. The commodities overview in Iceland covers production and consumption trends in agricultural commodities, energy products, electricity, metal products as well as an overview of key economic and business environment trends.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

Economy, Finance and Trade: Understanding the structure, health and potential risks of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact consumer market potential. Import and export trade profiles help gauge how open an economy is to trade and investment, while analysis of government finances can be used to explore macroeconomic stability and susceptibility to economic shocks.

Income and Expenditure: Insights into income, wealth and expenditure of consumers are vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

Households: Global shifts in gender, ageing, migration and housing are transforming the size, location,  general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.

Business Dynamics: A stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism, also gain insight into business operating environment and make strategic investment decisions. Transport infrastructure, ICT readiness and labour force dynamics will also identify potential issues with a supply chain and the level of workforce skills.

Commodities: Insights on key sectors directly related to the environmental commodities of a country such as energy, water, pollution, environmental resilience, forest and biodiversity and food and agriculture help businesses to make strategic decisions in relation to environmental and commodities trends, improve brand reputation and ensure long-term operations while ultimately growing the bottom line.

The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Commodities: Iceland

HEADLINES

PRODUCTION OF AGRICULTURAL MATERIALS

Production and Prices of Agricultural Commodities
Chart 1 Production Indices of Agricultural Commodities in Iceland 2018-2023
Chart 2 Total Area Harvested in Iceland 2018-2023
Chart 3 Area Harvested by Commodity in Iceland, Hectares, 2023
Chart 4 Price Indices of Agricultural Commodities 2018-2025
Meat and Poultry
Chart 5 Production of Meat and Poultry in Iceland and Global Prices 2018-2025
Chart 6 Production of Poultry in Iceland and Global Prices 2018-2025
Chart 7 Production of Mutton and Lamb in Iceland and Global Prices 2018-2025
Chart 8 Production of Pig Meat in Iceland and Global Prices 2018-2025
Milk
Chart 9 Production of Milk in Iceland and Global Prices 2018-2025
Chart 10 Production of Milk in Iceland and Global Prices 2018-2025
Wood
Chart 11 Production of Wood Products in Iceland and Global Prices 2018-2025
Chart 12 Production of Roundwood in Iceland and Global Prices 2018-2025
Consumption
Chart 13 Demand Drivers for Agricultural Products
Chart 14 Consumption of Agricultural Products in Iceland 2018-2023
Summary 1 Overview of Key Buyers of Agricultural Products in Iceland 2018-2028
Prices of Fossil Fuels
Chart 15 Energy Price Index 2018-2025
Chart 16 Global Crude Oil and Coal Prices 2018-2025
Chart 17 Global Natural Gas Prices 2018-2025
Consumption of Fossil Fuels
Chart 18 Demand Drivers for Crude Oil and Natural Gas
Chart 19 Consumption of Crude Oil and Natural Gas in Iceland 2018-2023
Summary 2 Overview of Key Buyers of Crude Oil and Natural Gas in Iceland 2018-2028
Production and Consumption of Electricity
Chart 20 Electricity Production by Source in Iceland 2018-2023
Chart 21 Production of Electricity in Iceland 2018-2023
Chart 22 Final Consumption of Electricity in Iceland 2018-2023
Chart 23 Demand Drivers for Electricity
Summary 3 Overview of Key Buyers of Electricity in Iceland 2018-2028
Non-Ferrous Metals
Chart 24 Production of Non-Ferrous Metals in Iceland and Global Prices 2018-2025
Chart 25 Production of Aluminium in Iceland and Global Prices 2018-2025
Consumption
Chart 26 Demand Drivers for Metals
Chart 27 Consumption of Metals in Iceland 2018-2023
Summary 4 Overview of Key Buyers of Metals in Iceland 2018-2028
Summary 5 Economic and Business Environment 2021-2026
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