Iceland: 11% fall in catch value in 2014

Iceland’s catch value decreased by 11 per cent to 136 billion kronor last year, according to the most recent data from Statistics Iceland.

The total value of demersal catch in 2014 suffered a year-on-year fall of one per cent to 92 billion kronor.

There was a drop in the value of each species compared to 2013, apart from cod, which recorded a rise of 11.9 per cent to 53 billion kronor. The flatfish catch suffered a fall, by 13 per cent, compared to the previous year, primarily as a result of the 2.6 billion kronor drop in value of Greenland halibut catch.

The value of pelagic catch declined by 26.5 per cent in comparison with 2014, while capelin fell by 76.8 per cent to 3.8 billion kronor and herring catch dropped by 10 per cent to 9.5 billion kronor. The shellfish catch fell by 17.8 per cent to 3.7 billion kronor, while the value of the shrimp catch dropped by 29 per cent to 2.5 billion kronor.

The mackerel catch remained fairly constant at 15.3 billion kronor, while blue whiting recorded a significant rise from three billion kronor in 2013 to 4.7 billion kronor last year.