Icelandic producers saw a significant increase in the value of exports last month. Official figures indicate that seafood exports during February were valued at ISK30 billion.
In ISK terms, this is a 13% increase compared to February 2025, and in foreign currency terms the increase is around 18%. This appears to be down to a 64% increase in the export value of wholefrozen fish, largely attributable to the capelin fishery.
The capelin season just ending makes a big difference to the figures, not least as the previous year’s capelin fishery was very limited and the year before that was a zero-catch season.
There has also been a 22% increase in the value of fresh exports, a 20% increase in the value of salted and dried products, and a 41% increase in fishmeal values – while fish oil and other seafood products have dropped.
So far this year the value of Iceland’s seafood exports is roughly ISK58 billion, a 7% increase on the same period last year. Significant increases have been seen in frozen fillets and fresh products, as well as fishmeal and wholefrozen fish.
