| Product Code: ETC7518675 | Publication Date: Sep 2024 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
During 2020-2024, Iceland`s hemp market witnessed a Compound Annual Growth Rate (CAGR) of 6.58%. In 2023-2024, the year-on-year growth rate was -16.19%, indicating a temporary decline in imports. Overall, the import trend for Iceland`s hemp market showed a positive trajectory during this period, with a slight decrease in growth observed in the final year.

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 Hemp Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Hemp Market Revenues & Volume, 2022 & 2032F |
3.3 Iceland Hemp Market - Industry Life Cycle |
3.4 Iceland Hemp Market - Porter's Five Forces |
3.5 Iceland Hemp Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Iceland Hemp Market Revenues & Volume Share, By Source, 2022 & 2032F |
3.7 Iceland Hemp Market Revenues & Volume Share, By Consumer Age Group, 2022 & 2032F |
3.8 Iceland Hemp Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Iceland Hemp Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hemp products |
4.2.2 Growing trend towards natural and organic products in Iceland |
4.2.3 Favorable government regulations supporting the hemp industry |
4.3 Market Restraints |
4.3.1 Limited availability of locally grown hemp in Iceland |
4.3.2 High production costs associated with hemp cultivation and processing |
4.3.3 Lack of standardized regulations for hemp products in the market |
5 Iceland Hemp Market Trends |
6 Iceland Hemp Market, By Types |
6.1 Iceland Hemp Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Hemp Market Revenues & Volume, By Type, 2022-2032F |
6.1.3 Iceland Hemp Market Revenues & Volume, By Hemp Seed, 2022-2032F |
6.1.4 Iceland Hemp Market Revenues & Volume, By Hemp Seed Oil, 2022-2032F |
6.1.5 Iceland Hemp Market Revenues & Volume, By CBD Hemp Oil, 2022-2032F |
6.1.6 Iceland Hemp Market Revenues & Volume, By Others, 2022-2032F |
6.2 Iceland Hemp Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Iceland Hemp Market Revenues & Volume, By Conventional, 2022-2032F |
6.2.3 Iceland Hemp Market Revenues & Volume, By Organic, 2022-2032F |
6.3 Iceland Hemp Market, By Consumer Age Group |
6.3.1 Overview and Analysis |
6.3.2 Iceland Hemp Market Revenues & Volume, By 18-24, 2022-2032F |
6.3.3 Iceland Hemp Market Revenues & Volume, By 25-34, 2022-2032F |
6.3.4 Iceland Hemp Market Revenues & Volume, By 35-44, 2022-2032F |
6.3.5 Iceland Hemp Market Revenues & Volume, By 45-54, 2022-2032F |
6.3.6 Iceland Hemp Market Revenues & Volume, By 55-64, 2022-2032F |
6.3.7 Iceland Hemp Market Revenues & Volume, By Above 65, 2022-2032F |
6.4 Iceland Hemp Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Iceland Hemp Market Revenues & Volume, By Personal Care Product, 2022-2032F |
6.4.3 Iceland Hemp Market Revenues & Volume, By Textiles, 2022-2032F |
6.4.4 Iceland Hemp Market Revenues & Volume, By Pharmaceuticals, 2022-2032F |
6.4.5 Iceland Hemp Market Revenues & Volume, By Construction & Materials, 2022-2032F |
6.4.6 Iceland Hemp Market Revenues & Volume, By Others, 2022-2032F |
7 Iceland Hemp Market Import-Export Trade Statistics |
7.1 Iceland Hemp Market Export to Major Countries |
7.2 Iceland Hemp Market Imports from Major Countries |
8 Iceland Hemp Market Key Performance Indicators |
8.1 Number of new hemp product launches in Iceland |
8.2 Growth in the number of hemp farms in Iceland |
8.3 Percentage increase in hemp product sales in health and wellness stores |
9 Iceland Hemp Market - Opportunity Assessment |
9.1 Iceland Hemp Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Iceland Hemp Market Opportunity Assessment, By Source, 2022 & 2032F |
9.3 Iceland Hemp Market Opportunity Assessment, By Consumer Age Group, 2022 & 2032F |
9.4 Iceland Hemp Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Iceland Hemp Market - Competitive Landscape |
10.1 Iceland Hemp Market Revenue Share, By Companies, 2025 |
10.2 Iceland Hemp 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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