Record April for Iceland’s seafood exportsIceland’s seafood sector has bounced back as exports have lifted

Seafood exports last month from Iceland were up 54% compared to April 2020, reflecting the seriousness a year ago of the situation due to the early stages of the Covid-19 pandemic, but also highlighting the importance of capelin to Iceland’s fisheries.

Export values for April were ISK27.30 billion, according to official sources. Exports of whole frozen fish, worth ISK3.30 billion last month, were 161% up on April last year, largely to due to volumes of whole frozen capelin that have been absent for the last few years. This year saw the capelin fishing return in modest volumes, after two zero-quota years.

Exports of what are classes ‘other seafood products’ were worth ISK5.50 billion last month, representing a 336% increase on the same figure a year ago include frozen capelin roe, one of the Icelandic seafood sector’s top earners, and the figures highlight the importance of the country’s capelin fishery.

There has been a noticeable recovery in exports of fresh production, which had been significantly affected by the uncertainty and confusion brought about by the Covid-19 pandemic.

The April figures reflect a strong first four months of 2021 for the Icelandic seafood sector, with export values of ISK93 billion for the first third of the year, reckoned to be 15% up on the figures for the same period in 2020 in ISK terms.

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