| Product Code: ETC5374043 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Iceland grape wine market witnessed a modest Compound Annual Growth Rate (CAGR) of 0.36% during 2020-2024. The year-on-year growth rate for 2023-2024 experienced a decline of -15.23%. Despite the decrease in 2023-2024, the overall trend showed an increase in imports during the specified period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Iceland Grape Wine Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Grape Wine Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Grape Wine Market - Industry Life Cycle |
3.4 Iceland Grape Wine Market - Porter's Five Forces |
3.5 Iceland Grape Wine Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Iceland Grape Wine Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Iceland Grape Wine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer interest in premium and unique wine varieties |
4.2.2 Growing popularity of wine tourism in Iceland |
4.2.3 Government support and initiatives to promote local wine production |
4.3 Market Restraints |
4.3.1 Limited grape cultivation and production due to harsh climate conditions |
4.3.2 High production costs and limited economies of scale for grape wine production in Iceland |
5 Iceland Grape Wine Market Trends |
6 Iceland Grape Wine Market Segmentations |
6.1 Iceland Grape Wine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Grape Wine Market Revenues & Volume, By Red Wine, 2022-2032F |
6.1.3 Iceland Grape Wine Market Revenues & Volume, By White Wine, 2022-2032F |
6.1.4 Iceland Grape Wine Market Revenues & Volume, By Rose Wine, 2022-2032F |
6.1.5 Iceland Grape Wine Market Revenues & Volume, By Other, 2022-2032F |
6.2 Iceland Grape Wine Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Iceland Grape Wine Market Revenues & Volume, By Commercial Consumption, 2022-2032F |
6.2.3 Iceland Grape Wine Market Revenues & Volume, By Household Consumption, 2022-2032F |
6.2.4 Iceland Grape Wine Market Revenues & Volume, By Other, 2022-2032F |
7 Iceland Grape Wine Market Import-Export Trade Statistics |
7.1 Iceland Grape Wine Market Export to Major Countries |
7.2 Iceland Grape Wine Market Imports from Major Countries |
8 Iceland Grape Wine Market Key Performance Indicators |
8.1 Average price per bottle of Icelandic grape wine |
8.2 Number of vineyards and wineries in Iceland |
8.3 Percentage of local grape wine consumed domestically vs. exported |
9 Iceland Grape Wine Market - Opportunity Assessment |
9.1 Iceland Grape Wine Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Iceland Grape Wine Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Iceland Grape Wine Market - Competitive Landscape |
10.1 Iceland Grape Wine Market Revenue Share, By Companies, 2025 |
10.2 Iceland Grape Wine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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