What is the price of wine per kilogram/pound in Iceland today?
The retail price range for Iceland wine is between US$ 11.09 and US$ 38.59 per kilogram or between US$ 5.03 and US$ 17.50 per pound(lb). Click here to see today's exact prices of wine in Iceland
The retail price range in Iceland Krona for wine is between ISK 1,553.79 and ISK 5,404.48 per kilogram or between ISK 704.67 and ISK 2,451.01 per pound(lb) in Reykjavík and Akureyri.
Wholesale prices
In 2024, the approximate wholesale price range for Iceland wine is between US$ 7.77 and US$ 27.01 per kilogram or between US$ 3.52 and US$ 12.25 per pound(lb).
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Prices of other produce in the Processed category in Iceland: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Iceland wine - Production, Exports, Imports, Seasons and HS Codes
The volume of wine exported by Iceland in 2020 was 20 metric tons. In 2019 Iceland exported 36 tonnes of wine. Through 2019 alone, the interest in Iceland wine (processed category) has escalated, changing by 33.333 % compared to the year 2018. Between 2017 and 2019, wine's exports grew by 38.46 pc earning the nation US$0.14m for the year 2019. Iceland's wine exports are categorised as:
- Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
- Sparkling wine of fresh grapes (HS code 220410)
- Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
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Iceland wine export values
In 2019, Iceland exported wine with a value of 0.14m USD, a decrease of -15.66% from 2018's total wine export of 0.166m USD. The annual change in value of Iceland wine between 2017 to 2018 was -40.714 per cent.
The annual change in the volume of Iceland's wine exports between 2017 and 2019 was 38.46 percent compared to a variation of 33.333% in the period between 2018 and 2019.
Iceland's stake of the world's total wine's exports in 2019 was less than 1%. The country is ranked position 36 in world exports of wine.
Export markets for Iceland wine ( in '000$ )
Iceland's leading destinations for wine are United Kingdom (UK), Spain, Sweden, Norway and the Netherlands.
Import/Export Trends
Iceland is a net exporter of wine. The annual growth of Iceland wine in value between 2015 to 2019 was 53%, per annum, while annual growth in quantity for the same period was 41%, per annum.
Iceland ordered 5,254 tonnes of wine in 2019.