The total catch of Icelandic vessels was 1,048 thousand tonnes in the year 2019 which, according to preliminary data, is 211 thousand tonnes less than in 2018. The catch value was around 145 billion ISK which is 17 billion more than in the previous year. Cod catch received around 70 billion ISK which is 21.8% more than in 2018. For other demersal species the value of catch increased significantly. The catch of pelagic species was less mostly due to no capelin being landed in 2019.

Catch and value of catch2018–2019
Tonnes/million ISK Catch, January-December Value of catch, January-December
  2018 2019 % 2018 2019 %
Total1,258,5511,047,515 -16.8127,937145,065 13.4
Demersal catch480,224480,904 0.190,755112,299 23.7
Cod 275,017 272,977 -0.7 57,445 69,947 21.8
Haddock 48,459 57,745 19.2 10,589 14,428 36.3
Saithe 66,250 64,681 -2.4 7,947 10,430 31.2
Redfish 57,989 53,352 -8.0 10,208 12,102 18.5
Other demersal fish447,716 448,756 0.2 4,565 5,391 18.1
Flatfish catch27,09022,185 -18.1 10,162 9,317 -8.3
Pelagic catch738,739534,372 -27.724,40521,578 -11.6
Herring123,905137,930 11.34,6405,905 27.3
Capelin186,3260 5,8920
Blue whiting292,949268,357 -8.4 6,366 7,181 12.8
Mackerel 135,559 128,084 -5.5 7,507 8,491 13.1
Other pelagic fish 0 1 0 0
Shellfish12,49810,050 -19.62,6151,870 -28.5
Lobster 728 259 -64.4 568 267 -53.0
Shrimp4,4732,920 -34.7 1,489 1,053 -29.3
Other shellfish7,2976,872 -5.8559550 -1.5
Miscellaneous 0 3 0 0

The value of catch in 2019, according to type of landing, resulted in catch for domestic processing being 77.5 billion ISK which is 53% of the total catch value. The value of catch frozen at sea was 37.8 billion ISK and the value of catch intended for auction markets was 22.2 billion ISK.

The average prices of domestic catch increased by 22.8% in 2019 compared to the previous year. The average price of cod was 255 ISK/kg, the average price of haddock was 247 ISK/kg and the average price of redfish was 225 ISK/kg. The average price of cod sold in direct sales for domestic processing was 224 ISK/kg, the average price of cod frozen at sea was 356 ISK/kg and cod sold at auction markets averaged at 312 ISK/kg.

Catch and value of catch by type of landing 2018–2019
  2018 2019 % 2018 2019 %
Total catch (tonnes) Value of catch (million ISK)
Total1,258,5511,047,515 -16.8127,937145,065 13.4
For domestic processing984,339788,261 -19.970,84277,508 9.4
To auction markets92,09187,574 -4.919,55522,213 13.6
Frozen at sea154,877132,597 -14.431,48837,825-77
For export in containers24,74423,017 -7.05,7926,287 8.6
Other landing types2,50016,065 542.72601,232 373.0
Cod catch (tonnes) Cod catch value (million ISK)
Total275,017256,094 -6.957,44565,287 13.7
For domestic processing195,549183,039 -6.436,53140,997 12.2
To auction markets42,43734,800 -18.010,48410,843 3.4
Frozen at sea31,13832,85268,81011,69233
For export in containers4,7923,882 -19.01,4401,405 -2.4
Other landing types1,1021,521 38.0181349 93.0

Non-Icelandic vessels landed about 53 thousand tonnes tonnes in Iceland in 2019, 59% less than the year before which is mostly because no capelin was caught or landed. The value of catch from foreign vessels was 6.4 billion ISK which is 34% less than in 2018. The catch was mostly shrimp, 4.3 billions ISK, blue whiting for 1.3 billion ISK and cod valued at 577 billion ISK. About 74% of foreign catch was landed directly for domestic processing, 25% was frozen at sea and less than 1% went to auction markets.

Landings of foreign vessels in Iceland, catch and catch value
  2014 2015 2016 2017 2018 2019
TotalTonnes 90,665 148,478 94,567 114,682 130,435 53,465
Million ISK 10,126 11,486 9,506 7,760 9,721 6,409
CodTonnes 2,803 2,234 3,373 3,756 1,847 2,036
Million ISK 640 597 849 821 468 577
Other demersal fishTonnes 2,706 1,559 1,164 808 575 585
Million ISK 514 304 155 103 90 115
FlatfishTonnes 7 16 4 0 1 3
Million ISK 3 9 2 0 0 1
HerringTonnes 0 2,791 1,759 621 0 0
Million ISK 0 113 118 30 0 0
Norwegian spring-spawn herringTonnes 0 1 678 0 138 1,341
Million ISK 0 6 54 0 18 82
Capelin and capelin roeTonnes 50,349 89,868 22,210 59,538 71,355 0
Million ISK 2,785 4,014 1,198 2,839 2,672 0
Blue whitingTonnes 20,512 38,991 47,985 36,138 38,341 36,157
Million ISK 556 1,492 1,869 756 1,045 1,263
MackerelTonnes 286 935 3,715 1,290 3,116 1,062
Million ISK 20 40 169 38 110 58
ShrimpTonnes 13,994 12,067 13,680 12,531 15,058 12,283
 Million ISK 5,606 4,912 5,093 3,172 5,318 4,314
Landed for domestic processing (%) 82 92 89 87 88 74
Sold in auction markets (%) 1 0 0 0 0 0
Frozen at sea (%) 18 5 11 12 12 25

Preliminary data shows that 619 thousand tonnes of fish products was exported from Iceland in 2019, 7.8% less than in the previous year. The export value of fish products was 260 billion ISK, 8.5% more than in 2018. Export of cod pruducts was 118 billion ISK, 17% more than the year before. About 53 thousand tonnes of cod products was exported frozen, 41 thousand tonnes exported fresh and 24 thousand tonnes was salted. 94 thousand tonnes of mackerel was exported worth 19 billion ISK and 24 thousand tonnes of haddock worth 18 billion ISK.

Export and export values of five most valuable fish products 2018-2019
2018 2019
Species Product
category
Tonnes Million
ISK
(FOB)
Tonnes Million
ISK
(FOB)
Change in
quantity
%
Change in
value
%
Total 670,729239,815618,719260,089 -7.8 8.5
Cod All categories132,298100,432132,174117,521 -0.1 17.0
-Frozen52,31335,30053,04441,720 1.4 18.2
-Salted24,43519,39823,73720,569 -2.9 6.0
-Fresh/iced40,21639,36140,61847,939 1.0 21.8
-Dried12,3234,84012,1475,745 -1.4 18.7
-Meal/fish oil2,9311,5132,4911,474 -15.0 -2.6
-Other802013775 71.3 276.2
Haddock All categories20,51513,86124,37518,131 18.8 30.8
Saithe All categories32,14311,31932,36013,569 0.7 19.9
Redfish All categories45,52913,49038,03213,683 -16.5 1.4
Mackerel All categories75,44613,11994,36819,031 25.1 45.1

Statistics
Catch
Export of marine products
Import of raw material
Total value of catch in fixed prices