| Product Code: ETC7519386 | Publication Date: Sep 2024 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Iceland craft rum market experienced a decline in imports from 2020 to 2024, with a compound annual growth rate (CAGR) of -0.27%. In 2023-2024, there was a year-on-year growth rate of -22.55%, contributing to the overall decrease in imports during this 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 Craft Rum Market Overview |
3.1 Iceland Country Macro Economic Indicators |
3.2 Iceland Craft Rum Market Revenues & Volume, 2021 & 2031F |
3.3 Iceland Craft Rum Market - Industry Life Cycle |
3.4 Iceland Craft Rum Market - Porter's Five Forces |
3.5 Iceland Craft Rum Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Iceland Craft Rum Market Revenues & Volume Share, By Volume, 2021 & 2031F |
3.7 Iceland Craft Rum Market Revenues & Volume Share, By Pricing, 2021 & 2031F |
3.8 Iceland Craft Rum Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.9 Iceland Craft Rum Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Iceland Craft Rum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing trend towards premium and craft spirits globally |
4.2.2 Growing demand for unique and artisanal products in the beverage industry |
4.2.3 Rising popularity of rum as a versatile and trendy spirit |
4.3 Market Restraints |
4.3.1 Limited awareness and distribution channels for Icelandic craft rum |
4.3.2 High competition from established rum-producing regions like the Caribbean |
4.3.3 Challenges in sourcing high-quality ingredients in Iceland for rum production |
5 Iceland Craft Rum Market Trends |
6 Iceland Craft Rum Market, By Types |
6.1 Iceland Craft Rum Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Iceland Craft Rum Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Iceland Craft Rum Market Revenues & Volume, By Light Rum, 2021- 2031F |
6.1.4 Iceland Craft Rum Market Revenues & Volume, By Gold Rum, 2021- 2031F |
6.1.5 Iceland Craft Rum Market Revenues & Volume, By Dark/Black Rum, 2021- 2031F |
6.1.6 Iceland Craft Rum Market Revenues & Volume, By Rhum Agricole, 2021- 2031F |
6.1.7 Iceland Craft Rum Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Iceland Craft Rum Market, By Volume |
6.2.1 Overview and Analysis |
6.2.2 Iceland Craft Rum Market Revenues & Volume, By Under 350ml, 2021- 2031F |
6.2.3 Iceland Craft Rum Market Revenues & Volume, By 351ml - 750ml, 2021- 2031F |
6.2.4 Iceland Craft Rum Market Revenues & Volume, By Above 750ml, 2021- 2031F |
6.3 Iceland Craft Rum Market, By Pricing |
6.3.1 Overview and Analysis |
6.3.2 Iceland Craft Rum Market Revenues & Volume, By Mass, 2021- 2031F |
6.3.3 Iceland Craft Rum Market Revenues & Volume, By Premium, 2021- 2031F |
6.4 Iceland Craft Rum Market, By End-user |
6.4.1 Overview and Analysis |
6.4.2 Iceland Craft Rum Market Revenues & Volume, By Individual, 2021- 2031F |
6.4.3 Iceland Craft Rum Market Revenues & Volume, By Commercial, 2021- 2031F |
6.5 Iceland Craft Rum Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Iceland Craft Rum Market Revenues & Volume, By Online, 2021- 2031F |
6.5.3 Iceland Craft Rum Market Revenues & Volume, By Offline, 2021- 2031F |
7 Iceland Craft Rum Market Import-Export Trade Statistics |
7.1 Iceland Craft Rum Market Export to Major Countries |
7.2 Iceland Craft Rum Market Imports from Major Countries |
8 Iceland Craft Rum Market Key Performance Indicators |
8.1 Number of new product launches in the Icelandic craft rum market |
8.2 Growth in tourism to Iceland and interest in local products like craft rum |
8.3 Percentage increase in online searches and social media mentions related to Icelandic craft rum |
9 Iceland Craft Rum Market - Opportunity Assessment |
9.1 Iceland Craft Rum Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Iceland Craft Rum Market Opportunity Assessment, By Volume, 2021 & 2031F |
9.3 Iceland Craft Rum Market Opportunity Assessment, By Pricing, 2021 & 2031F |
9.4 Iceland Craft Rum Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.5 Iceland Craft Rum Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Iceland Craft Rum Market - Competitive Landscape |
10.1 Iceland Craft Rum Market Revenue Share, By Companies, 2024 |
10.2 Iceland Craft Rum 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.
To discover high-growth global markets and optimize your business strategy:
Click Here