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Aquaculture

ICELANDIC AQUACULTURE QUADRUPLES IN LAST DECADE

ICELANDIC AQUACULTURE QUADRUPLES IN LAST DECADE

Icelandic aquaculture quadruples in last decade. There has been a significant growth in aquaculture in Iceland and fish farming activities have quadrupled in the last decade.

In 2018, the production was 19 thousand tonnes, which is 1.8 thousand tonnes less than in 2017. Turnover in aquaculture was just above 19 billion ISK in 2017 and has been increasing every year.

There have been many investments in fish farming in last years and the net worth of the aquaculture businesses was 51% in 2017. The main species are salmon and arctic char. According to Eurostat, Iceland ranks fourth as main salmon producers in Europe and Iceland has the highest production of arctic char.

The produced amount of farmed fish has quadrupled in the last 10 years and was 19 thousand tonnes in 2018. The main growth has been in breeding of salmon which has increased from 292 tonnes in 2008 to 13.5 thousand tonnes in 2018. Farming of arctic char has been stable in the last decade. Around 5 thousand tonnes were produced in 2018, compared with 3.1 thousand tonnes in 2008. Farming of rainbow trout peaked at 4,600 tonnes in 2017, while the production dropped to 295 tonnes in 2018.

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