Alcohols Market Overview in Iceland
In value terms, alcohols production stood at $ in 2018 estimated in export prices. In general, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Iceland production peaked at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.
The revenue of the alcohols market in Iceland contracted modestly to $ in 2018, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. Iceland consumption peaked at $ in 2013; however, from 2014 to 2018, consumption remained at a lower figure.