Commodity Manager salary in Iceland

Average Yearly Salary of Commodity Manager in Iceland is approximately 17,139,679 ISK (120,300 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 Commodity Manager do?

A commodity manager is responsible for overseeing the sourcing, procurement, and management of commodities within an organization. They work closely with suppliers to negotiate contracts, ensure quality control, and manage inventory levels. Their primary goal is to optimize the supply chain process by identifying cost-saving opportunities, mitigating risks, and ensuring a steady supply of commodities. Commodity managers must have strong analytical skills to assess market trends, monitor prices, and make informed decisions regarding purchasing and inventory management. They collaborate with various departments, such as operations, finance, and sales, to align commodity strategies with business objectives. Effective communication and negotiation skills are essential in building and maintaining relationships with suppliers and stakeholders.

Skills: Commodity Management, Procurement, Supply Chain Optimization, Supplier Relationship Management, Inventory Management, Cost Analysis.
Job industry: Supply chain management

How much does Commodity Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Commodity Manager a well paid job?

Yes, our data shows that Commodity Manager 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 Commodity Manager?

High salary for Commodity Manager would be somewhere between 18,853,647 ISK and 24,852,535 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Commodity Manager 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: 17,139,679 ISK
Estimated Monthly Salary: 1,428,307 ISK
Estimated Weekly Salary: 329,609 ISK per week
Estimated Hourly Salary: 8,240 ISK per hour
By working as Commodity Manager a person can save up to 7,296 USD per month or 87,554 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 Commodity Manager

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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