Fisheries

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Strong Icelandic cod harvest sends catch soaring in 2018

Cod is gaining momentum across markets, while overall catches increase significantly.

Icelandic fishing vessels landed 15.6 percent more fish in 2018 compared to the year prior. The catch was worth around ISK 128 billion (€922.9 million/$1 billion), according to the latest figures from Statistics Iceland.

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The volume landed in 2018 reached 1.25 million metric tons, a 6.7 percent increase in volume compared to the year before.

Demersal catches increased by 12 percent to 480,000 metric tons, which were worth ISK 91 billion (€656.1 million/$728.8 million). Pelagic catches climbed under 3 percent to 739,000 metric tons worth ISK 24.5 billion (€176.7 million/$196.2 million).

Of the demersal catches, the most popular species was cod, reaching 275,017 metric tons in volume, an 8.7 percent jump compared to the year prior and a value of ISK 57.4 billion (€413.9 million/$459.7 million), a 16.2 percent rise.

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