Icelandic producers exported production worth ISK26.9 million in October, according to figures made public by Statistics Iceland. This represents a roughly 14% drop compared to the same month last year.
Only exports of fresh, salted and dried products did not show a drop last month, with fresh exports 2% up and dried and salted products up by around 1%. Exports of fishmeal are down 63% compared to October 2022 – from ISK2.30 billion to ISK1.30 billion – and wholefrozen fish was down 22%, while the broad category of other seafood production, which includes capelin roe, was down 26%.
There was likewise a 26% drop in exports of shrimp, as well as which fish oil and frozen fillets were each down 5%.
An overview of the year to date indicates an export reduction of ISK280 billion, of around 6%, with currency fluctuations taken into account.
Overall, there are reductions in all categories, with the exception of wholefrozen fish, which is up around 15%,. Capelin and Greenland halibut are believed to account for a large proportion of this increase.
There has been an 11% fall in the value of frozen fillet exports over the first ten months of the year compared to last year. Lower catches of saithe are seen as accounting for much of this reduction, as catches dropped by around a third compared to the same period last year.
There’s a 2% reduction in the values of salted and dried products and shrimp export values are down 4%, while the figures for fresh exports are largely in line with last year’s.