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Recent News

18 Nov, 2021 /
Icefish
Looking into aquaculture’s crystal ball
It’s a big ask to request a prediction of the future, but in the Blue Economy discussi...
17 Nov, 2021 /
Icefish
Capelin boom
Capelin is booming in Iceland, but marketing and climate change remain challenges.
17 Nov, 2021 /
Icefish
No such thing as fish waste – everything has a use
Part of IceFish Connect, the Fish Waste for Profit Product Utilisation session brought t...
17 Nov, 2021 /
Grimsby Fish Market
Grimsby Fish Market Launches Buying App
Grimsby Fish Market is embracing digital technologies with the introduction of a new Buy...
16 Nov, 2021 /
Icefish
Tub manufacturer faces challenges and opportunities
Sæplast has been producing a range of tubs, boxes and other products in Dalvík and was...
03 Jan, 2017
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The Icelandic Market

The Icelandic Commercial Fishing Industry.

The Icelandic fisheries are at the forefront of sophistication in terms of technology, from navigation and fish-detection through to gear and equipment. The recent upgrading of Iceland's fishing vessels is well underway, bringing more energy efficient technology, new generation on-board handling and ice-less storage. The pelagic fleet completed its renewal within the last few years, with fishing companies Ísfélagið, Síldarvinnslan and HB Grandi taking delivery of new vessels. It is now the turn of the groundfish fleet to be renewed, due to be delivered at the end of 2017. Fisheries including Samherji, FISK Seafood, HB Grandi, Rammi, Gunnvör and VSV, plus Samherji's subsidiaries in other countries are expected to take delivery.

The total catch of Icelandic fishing vessels in 2015 was 1,319 thousand tonnes which is 243 thousand tonnes more than in 2014. The value of the catch amounted to 151 billion ISK and increased by 15% from previous year.

The 2012 Catch was as follows:  
Cod 205
Haddock 48
Saithe 51
Redfish 55
Ocean redfish 6
Greenland halibut 14
Wolf fish 10
Great silver smelt 9
Ling 11
Blueling 4
Monkfish 3
Flatfish 10
Herring 192
Mackerel 152
Blue whiting 64
Capelin 601
Shrimp 11
Nephrops 1.9
Total 1,480 million tonnes

Export of Seafood in 2015

The importance of fishing industry remains as strong as ever and the export value of fish and fish related products amounted to 267 billion ISK a massive 42,3% of total exports.