Market research

Tomato market in Iceland

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The tomato market volume in Iceland showed considerable variation from 2018 to 2023. Starting at 2 759 tonnes in 2018, it declined to 2 698 tonnes in 2019 and fell further to 2 402 tonnes in 2020. A strong rebound occurred in 2021, lifting the market to 2 867 tonnes, the highest level in the period. This was followed by a drop to 2 726 tonnes in 2022 and a slight decrease to 2 680 tonnes in 2023.

These changes were primarily due to shifts in import volumes, which form the bulk of supply. Imports fell from 1 549 tonnes in 2018 to 1 261 tonnes in 2020, then jumped to 1 704 tonnes in 2021 before declining again to 1 321 tonnes in 2022 and recovering to 1 527 tonnes in 2023. Domestic production also varied, reaching a peak of 1 461 tonnes in 2022 but falling to 1 200 tonnes in 2023.

Import volumes for 2024 and 2025 are reported at 1 559 tonnes and 1 577 tonnes respectively, suggesting a continuation of the stable import trend seen in recent years, while exports remained minimal.

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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Iceland, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Iceland by countries, 2018-2025, $ US/t
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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Iceland, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Iceland by countries, 2018-2025, $ US/t
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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Iceland, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Iceland by countries, 2018-2025, $ US/t
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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Iceland, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Iceland by countries, 2018-2025, $ US/t
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 tomato in Iceland

In kind, 2018-2021, t

Top producers of tomato, 2018-2021

Source: SHEV.io

World map of production of tomato, 2018-2021

Source: SHEV.io

Iceland's tomato production rebounded in 2021 after two consecutive years of decline. The country produced 1,234 tonnes of tomatoes, marking a 6.1% increase compared to the previous year. Production had reached its lowest point in 2020 at 1,163 tonnes, following a 2.5% drop in 2019.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.5%)	(1.7%)	6.1%	0.6%

Source: SHEV.io

Exports tomato from Iceland

Exports in kind, t

Iceland's tomato exports have grown for the third year in a row. In 2021, exports reached 71 tonnes, representing a dramatic 224.2% surge from 2020. Over the 2018-2021 period, exports expanded by 2,742.7%, with an average annual growth rate of 205.2%.

Annual dynamics of product's exports from Iceland in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	7.6%	715.1%	224.2%	205.2%

Source: SHEV.io

From 2018 to 2021, Iceland's tomato export market was highly concentrated, with Greenland alone accounting for 99.0% of all shipments.

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

The market exhibited significant volatility during these years. Exports hit their lowest point in 2019 at 12,000 US dollars, then surged to a peak of 135,000 US dollars in 2021, representing a 190.6% increase from the previous year. This resulted in a 10.9-fold fluctuation between the trough and peak. The largest decline occurred in 2019 at 6.5%, while the most substantial increase was recorded in 2020 at 274.7%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(6.5%)	274.7%	190.6%	116.7%

Source: SHEV.io

Between 2018 and 2021, Iceland's tomato exports in value terms were overwhelmingly concentrated on Greenland, which represented 99.0% of total export value.

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 tomato to Iceland

Imports in kind, t

Iceland's tomato imports recovered in 2021 after two years of decline. Imports totaled 1,704 tonnes, showing a 35.2% year-over-year increase. Over the 2018-2021 period, imports grew by 10.1%, equivalent to an average annual rate of 3.2%. The lowest volume was recorded in 2020 at 1,261 tonnes, which represented a 16.9% decrease from the previous year.

Annual dynamics of product's imports to Iceland in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.0%)	(16.9%)	35.2%	3.2%

Source: SHEV.io

From 2018 to 2021, the Netherlands and Spain dominated Iceland's tomato imports by volume, while other markets played a much smaller role.

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

Iceland's tomato imports in value terms rebounded in 2021 following two years of contraction. Imports reached 3,044,000 US dollars, a 14.9% increase from the previous year. Over the 2018-2021 period, however, import value decreased by 5%, with an average annual decline of 1.7%. The lowest value was recorded in 2020 at 2,650,000 US dollars, reflecting a 15.0% drop from the year before.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.7%)	(15.0%)	14.9%	(1.7%)

Source: SHEV.io

Between 2018 and 2021, the Netherlands (51.3% of import value), Spain (27.8%), and Morocco (8.0%) were Iceland's primary tomato suppliers, together accounting for 87.1% of total import value.

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