Icelandic catch value soars
Icelandic fishing vessels caught a total 212,970 tonnes of fish and shellfish in the first-quarter of 2025, which represented a decrease of 2% or more than 5,200 tonnes compared with the corresponding period of last year, new industry figures confirm.
The period’s total catch value, based on preliminary figures, was approximately ISK 47.2 billion, which is a 17% increase on Q1 2024.
A total of 118,510 tonnes of demersal fish were caught in the opening three months of 2025, marking a 7% increase on Q1 2024. The value of these catches increased by 23% to ISK 41.2 billion.
Within the demersal category, cod accounted for 64,669 tonnes (up 1%), with a first-sales value of around ISK 27.2 billion (+18%). The haddock catch totalled 23.630 tonnes (+17%), valued at almost ISK 7.4 billion (+68%), while saithe and redfish landings amounted to 9,167 tonnes (-12%) and 11,037 tonnes (+24%), respectively, and were valued at ISK 2.2 billion (-4%) and ISK 2.7 billion (+16%).
Overall, Iceland’s Q1 2025 pelagic catch was 90,353 tonnes – an 11% decrease compared with the corresponding period of last year. The value of these landings fell 1% to ISK 4.2 billion.
Blue whiting was this category’s biggest catch, with 72,859 tonnes (-27%) worth around ISK 2.8 billion (-32%).
Meanwhile, Iceland’s flatfish volume for the quarter decreased 22% to 3,721 tonnes and its shellfish catch dropped 48% to 372 tonnes. The value of these landings were ISK 1.8 billion (-34%) and ISK 70 million (-41%), respectively.
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