Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#33 In EuropeEmployees
#33 In EuropeWages
#33 In EuropeThe Supermarkets & Grocery Stores in Iceland ranks 33rd in Europe with regards to its 2024 revenue (€1.6bn). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (4.3 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Supermarkets & Grocery Stores industry in Iceland in 2024?
The market size of the Supermarkets & Grocery Stores industry in Iceland is €1.6bn in 2024.
How many businesses are there in the Supermarkets & Grocery Stores in Iceland industry in 2024?
There are 124 businesses in the Supermarkets & Grocery Stores industry in Iceland, which has grown at a CAGR of 0.0 % between 2019 and 2024.
Has the Supermarkets & Grocery Stores industry in Iceland grown or declined over the past 5 years?
The market size of the Supermarkets & Grocery Stores industry in Iceland has been declining at a CAGR of 4.3 % between 2019 and 2024.
What is the forecast growth of the Supermarkets & Grocery Stores industry in Iceland over the next 5 years?
Over the next five years, the Supermarkets & Grocery Stores industry in Iceland is expected to grow.
What does the Supermarkets & Grocery Stores in Iceland include?
Food and Beverages are part of the Supermarkets & Grocery Stores industry.
How competitive is the Supermarkets & Grocery Stores industry in Iceland?
The level of competition is low and steady in the Supermarkets & Grocery Stores industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Department Stores in Iceland
Complementors
- Food & Drink Wholesaling in Iceland
Table of Contents
About this industry
Industry definition
Supermarkets and grocery stores sell a range of groceries and food, including fruit, vegetables, bread, canned goods, toiletries, dairy goods, alcohol, cleaning products and cigarettes.
What's included in this industry?
Food Beverages General merchandiseIndustry Code
4711 - Retail sale in non-specialized stores with food, beverages or tobacco predominating in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Supermarkets & Grocery Stores in Iceland
- Employees in the Supermarkets & Grocery Stores in Iceland
- Business in the Supermarkets & Grocery Stores in Iceland
- Profit in the Supermarkets & Grocery Stores in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Supermarkets face a few regulatory hurdles. They’re subject to legislation that aims to ensure fair competition, consumer protection and food safety.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Supermarkets & Grocery Stores in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Appealing to the cost-conscious consumer hits profit. Supermarkets are increasingly employing price-war tactics to grab hold of more of the market, to the detriment of profit.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Supermarkets & Grocery Stores in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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