Yugalinks

T13 · Trade opportunity evidence

United Kingdom (GBR) to Iceland (ISL) vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude (HS6 151491)

A country-to-country view of reported vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude trade, combining buyer demand, exporter position, market structure, access conditions, and observed lane history.

Exporter United Kingdom (GBR)Importer Iceland (ISL)HS6 151491Coverage 2019-2024Growing
Explore this product

3-year buyer projection

$196.0KCalculated from reported demand

Exporter growth

+44.7%Full available history

Suppliers in market

7Latest reported count

Observed history

6 yearsLast year: 2024

Reported observations

What this vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude lane shows for HS 151491

Core values for United Kingdom (GBR) → Iceland (ISL) in HS 151491.

Buyer market

Latest imports$100.3K
Five-year projection$306.2K
Buyer CAGR+38.9%
Latest annual change-11.7%

Exporter position

Latest exports$5.3K
Market share5.3%
Share change-3.1 pp
Best observed share70.7%

Market structure

Reported suppliers7
Concentration index5,273
Share gap+65.4 pp
SignalGrowing

Detailed evidence

Complete lane evidence

Reported values, calculated indicators, and country-pair context for this route.

MeasureValueWhat it describes
Buyer imports$100.3KIceland (ISL)'s latest reported imports
Exporter exports$5.3KUnited Kingdom (GBR)'s exports to Iceland (ISL)
Exporter market share5.3%Exporter share of the reported buyer market
Buyer five-year CAGR+38.9%Annualized change in buyer imports
Exporter full-history CAGR+44.7%Annualized change in exporter exports
Three-year buyer projection$196.0KCalculated projection from reported demand
Five-year buyer projection$306.2KCalculated projection from reported demand
Average buyer imports$79.0KAverage reported importer value
Peak buyer imports$391.0KHighest reported importer value
Average exporter exports$7.8KAverage reported lane exports
Peak exporter exports$14.7KHighest reported lane exports
Share change-3.1 ppLatest one-year change in exporter share
Reported suppliers7Supplier countries observed in the latest period
Buyer GDP$25.5BLatest buyer-country GDP estimate
Buyer GDP per person$68.4KLatest buyer-country GDP per person
Buyer population372.3 thousandLatest buyer-country population estimate
Buyer investment rate23.3%Reported buyer-country investment rate
Buyer secondary education82.2%Reported secondary education coverage
Distance1,892 kmApproximate country-pair distance
Business entry time11.5 daysReported days to start a business
Shared legal systemNoCountry-pair institutional relationship
Reported FTAYesReported trade-agreement indicator
WTO memberYesBuyer-country WTO membership indicator
Lane volatility0.6Variation indicator across observed lane values
Maximum drawdown63.8%Largest observed decline from a prior peak
Observed history6 yearsCoverage through 2024

Research reading

Vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude demand and the United Kingdom (GBR) to Iceland (ISL) lane

Iceland (ISL) reported $100.3K of vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude imports in 2024. United Kingdom (GBR) accounted for 5.3% of the observed market and reported $5.3K in exports on this lane.

The latest annual values eased slightly, while the longer available history shows +38.9% buyer growth and +44.7% exporter growth. The page separates reported values from projections and indicators.

Product classification

What does HS 151491 include?

HS 151491 covers Vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude. This page studies the six-digit Harmonized System classification rather than a company, brand, retail category, or individual shipment.

The classification sits in HS chapter 15 and heading 1514. The recorded trade type is not reported, with a not reported classification in the available product reference data.

How to interpret this page

Compare demand, position, and history together

This HS 151491 trade opportunity page brings together the buyer market in Iceland (ISL), the exporter position of United Kingdom (GBR), and the observed conditions of their trade lane. A large buyer market does not by itself show that every exporter has equal access, and a positive growth rate does not remove the need to examine volatility and historical coverage.

Use the reported imports and exports to understand scale, market share to understand position, projections to understand the calculated forward view, and lane history to understand how much evidence supports the comparison.

Frequently asked questions

Questions about United Kingdom (GBR) to Iceland (ISL) vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude trade

What is the HS code for this product?

This page covers HS 151491, the six-digit product classification shown in the trade records.

How large is the Iceland (ISL) market?

The page reports the latest buyer imports, historical averages, peaks, growth, and calculated projections for vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crude.

How strong is United Kingdom (GBR) in this market?

Exporter performance is shown through lane exports, market share, share change, growth, and the number of reported suppliers.

What should be checked before entering this market?

Review market scale, competition, access indicators, volatility, drawdown, and the available history together rather than relying on one signal.

Continue your researchHS 151491 product overviewExplore this product in the workspaceMethodology and definitions

Definitions and coverage

How to read this page

Reported values

Trade values describe reported merchandise trade for the stated HS6 classification. They are not company-level sales or shipment records.

Calculated indicators

Growth, projections, concentration, volatility, and share-gap figures are calculated from the reported observations and should be interpreted with their coverage period.

Coverage

This sample covers 6 observed years through 2024. Missing values are shown as not reported rather than estimated.

Explore the classification

Compare this product across markets and routes

Use the trade data and methodology pages to study other exporters, importers, and HS6 products.