Strike, strong kroner hits Icelandic catches in 2016

Both volume and value of overall landings declined year-on-year. 

The total catch of Icelandic vessels was 1,067,000 metric tons in 2016, 252,000 metric tons less than in 2015. The value of catch was approximately ISK 133 billion (€1.1 billion/$1.3 billion), down 12.1 percent from the previous year.

The decrease in value is mainly due to strengthening of the Icelandic krona. In 2016, Icelandic harvesters held a strike, which lasted more than two months. 

Demersal catch amounted to 456,000 metric tons in 2016, a 4.7 percent increase from 2015, but the value decreased 9.9 percent over the period, to ISK 92.6 billion (€743.2 million/$870.7 million), due to the strengthened Icelandic krona against currency in importing countries.

Pelagic catch was 575,000 metric tons, a decrease of 275,000 metric tons compared with 2015 due to a fall in capelin catch.

The value of pelagic catch also fell by 19.6 percent from the previous year.

Approximately 24,000 metric tons of flatfish were landed, up 1.9 percent from the year before.


For more seafood news and updates, follow us on Facebook and Twitter or sign up for our daily newsletter.