Market research

Pig fat free of lean meat and poultry fat market in Iceland

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2023, the market volume for pig fat free of lean meat and poultry fat in Iceland increased from 456.2 tonnes to 563.5 tonnes, representing a growth of nearly 24%. This expansion occurred despite a steady decline in domestic production, which fell from 447.2 tonnes to 408.9 tonnes over the same period. The market growth was entirely supported by a dramatic rise in imports, which surged from just 9.0 tonnes to 154.6 tonnes.

The market's upward trajectory was not uniform, with a slight contraction observed in 2022 before a significant leap in 2023. The year 2023 marked a peak, where imports more than doubled from the previous year, reaching 154.6 tonnes and pushing the total market size to its highest point. Throughout the period, the share of imports in the total market volume grew from a marginal 2% to over 27%, fundamentally altering the supply structure.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Iceland
  1. 5.1.1. Annual dynamics of production in Iceland in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Iceland in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Iceland in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Iceland by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Iceland in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Iceland by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Iceland, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Iceland by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Iceland in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Iceland by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Iceland in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Iceland by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Iceland, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Iceland by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Iceland in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Iceland by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Iceland in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Iceland by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Iceland, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Iceland by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Iceland in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Iceland by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Iceland in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Iceland by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Iceland, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Iceland by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production pig fat free of lean meat and poultry fat in Iceland

In kind, 2018-2021, t

Top producers of pig fat free of lean meat and poultry fat, 2018-2021

Source: SHEV.io

World map of production of pig fat free of lean meat and poultry fat, 2018-2021

Source: SHEV.io

In 2021, Iceland produced 432.9 tonnes of pig fat free of lean meat and poultry fat, marking a 3.4% decrease compared to 2020. Over the period from 2018 to 2021, production declined by 3.2%, with a compound annual growth rate of 1.1%. The lowest production level was recorded in 2019 at 429.8 tonnes, while the highest was in 2020 at 448.2 tonnes. The largest decline occurred in 2019, dropping by 3.9%, whereas the most significant increase was in 2020, rising by 4.3%.

Annual dynamics of production in Iceland in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(3.9%)	4.3%	(3.4%)	(1.1%)

Source: SHEV.io

Exports pig fat free of lean meat and poultry fat from Iceland

Exports in kind, kg

Annual dynamics of product's exports from Iceland in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Iceland's exports of pig fat free of lean meat and poultry fat were almost entirely concentrated in Sweden, which accounted for 100.0% of the total.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Iceland in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Iceland in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2018 and 2021, the geographical distribution of exports in value terms showed a strong reliance on Sweden, which absorbed 100.0% of all export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Iceland in value, 2018-2021

Source: SHEV.io

Imports pig fat free of lean meat and poultry fat to Iceland

Imports in kind, kg

The market displayed an unstable trend throughout the period. Imports reached their lowest point in 2018 and peaked in 2021, with a 7.4-fold difference between these years. In 2021, Iceland imported 66 442 kg of pig fat free of lean meat and poultry fat from abroad, representing a dramatic year-over-year increase of 96.1%. The largest decline was recorded in 2020 at 26.4%, while the most significant increase occurred in 2019, surging by 411.6%.

Annual dynamics of product's imports to Iceland in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	411.6%	(26.4%)	96.1%	94.7%

Source: SHEV.io

From 2018 to 2021, Denmark dominated Iceland's import structure for pig fat free of lean meat and poultry fat in kind, holding a 77.2% share of total flows, with other markets contributing relatively modest amounts.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Iceland in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

The data shows irregular changes, pointing to a volatile market environment. Imports hit their lowest point in 2018 and peaked in 2019, with a 7-fold difference between these years. In 2021, Iceland's imports of pig fat free of lean meat and poultry fat totalled 75.5 thousand US dollars, which is 26.1% higher than in 2020. The highest value was recorded in 2019 at 120.8 thousand US dollars. The largest decline occurred in 2020, falling by 50.4%, while the most substantial increase was in 2019, jumping by 601.9%.

Annual dynamics of product's imports to Iceland in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	601.9%	(50.4%)	26.1%	63.7%

Source: SHEV.io

Throughout 2018 to 2021, the partner structure for imports in value terms was centred on Denmark, which accounted for 78.2% of total flows, with other markets forming a less significant portion.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Iceland in value, 2018-2021

Source: SHEV.io