Iceland’s fishing fleet landed seafood with a total value of ISK 133 billion (USD 1.2 billion, EUR 1.1 billion) in 2016, a decrease of 12.1 percent compared to the ISK 151.3 billion (USD 1.3 billion, EUR 1.2 billion) in the previous year.
During the 12-month period, the value of the country’s demersal, pelagic, flatfish and shellfish catches decreased by 9.9 percent, 19.6 percent, 7.9 percent and 12.9 percent respectively, according to new figures published by Statistics Iceland.
The country’s demersal catch achieved a value of ISK 92.7 billion (USD 824 million, EUR 767.7 million), with cod and haddock down 4.8 percent and 19.1 percent to ISK 58.1 billion (USD 516.4 million, EUR 481.2 million) and ISK 9.3 billion (USD 82.7 million, EUR 77 million) respectively.
Iceland’s pelagic earnings totaled ISK 27.8 billion (USD 247.1 million, EUR 230.2 million) with only herring and mackerel providing any growth – up 11 percent to ISK 6.6 billion (USD 58.6 million, EUR 54.7 million) and 5.1 percent to ISK 10.9 billion (USD 96.9 million, EUR 90.3 million) respectively.
The value of Iceland’s flatfish landings reached almost ISK 9.1 billion (USD 80.9 million, EUR 75.4 million), while its shellfish catch value amounted to ISK 3.5 billion (USD 31.1 million, EUR 29 million).
Around ISK 70.2 billion (USD 624 million, EUR 581.3 million) worth of Iceland’s 2016 catch went directly for domestic processing, while ISK 19.5 billion (USD 173.3 million, EUR 161.5 million) worth was sold at auction for domestic processing.
Landings valued at ISK 5 billion (USD 44.4 million, EUR 41.4 million) were exported in containers and the frozen-at-sea catch totaled ISK 37.1 billion (USD 329.8 million, EUR 307.2 million).
