Icelandic Fishing Vessels’ Catch worth ISK 101 Billion Skip to content

Icelandic Fishing Vessels’ Catch worth ISK 101 Billion

By Iceland Review

Statistic Iceland reports that the total value of the catch of Icelandic vessels amounted to 101.4 billion ISK (838 million USD / 620 million EUR) in the period of January-August 2013, compared with 108.4 billion ISK (900 million USD / 660 million EUR) in the first eight months of 2012. Therefore, the total value decreased by 6.5 percent between years.

fish-processing-lumpsucker_psPhoto by Páll Stefánsson.

The most valuable fish was cod, worth ISK 29.7 billion ISK (250 million USD / 180 million EUR).

The value of catch by type in the period of January-August 2013 is down by 22 percent from 2012. The value of fish landed abroad intended for fishmeal and oil production is up by 155 percent but the value of fish frozen at sea is down by 9 percent.

The value of sea food intended for the auction market is down by 6 percent whereas fish frozen at sea and intended for domestic re-processing is down by 69 percent.

Other types of landing are up by 5 percent from the previous year.

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