Buyer Industrial Components salary in Iceland

Average Yearly Salary of Buyer Industrial Components in Iceland is approximately 11,677,439 ISK (81,522 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Buyer Industrial Components do?

A buyer of industrial components is responsible for sourcing and procuring various components and parts used in industrial machinery and equipment. They work closely with suppliers, manufacturers, and internal stakeholders to ensure the availability of high-quality components at competitive prices. The role involves identifying and evaluating potential suppliers, negotiating contracts and pricing terms, managing inventory levels, and monitoring supplier performance. Buyers of industrial components also need to stay updated on market trends, technological advancements, and industry regulations to make informed purchasing decisions. Effective communication and strong negotiation skills are essential for this role, as well as the ability to analyze technical specifications and assess product quality.

Skills: Industrial components buyer, Procurement specialist, Supply chain management, Supplier relationship management, Technical sourcing, Negotiation skills.
Job industry: Manufacturing

How much does Buyer Industrial Components make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Buyer Industrial Components a well paid job?

Yes, our data shows that Buyer Industrial Components is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Buyer Industrial Components?

High salary for Buyer Industrial Components would be somewhere between 12,845,183 ISK and 16,932,287 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Buyer Industrial Components in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 11,677,439 ISK
Estimated Monthly Salary: 973,120 ISK
Estimated Weekly Salary: 224,566 ISK per week
Estimated Hourly Salary: 5,614 ISK per hour
By working as Buyer Industrial Components a person can save up to 4,065 USD per month or 48,776 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Buyer Industrial Components

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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