SMALLER BOATS HOLD STEADY AS ICELAND’S LARGER FISHING VESSELS DECLINE

Smaller Boats Hold Steady as Iceland’s Larger Fishing Vessels Decline

Icelandic fishing vessels 1,531 in 2024

As of the end of 2024, Iceland’s fishing fleet consisted of 1,531 vessels, reflecting a gradual decline that has been ongoing over the past several decades. This trend highlights changes in the fishing industry, driven by evolving technology, regulatory measures, and shifting economic conditions.

Of the total fleet, 820 vessels were smaller, undecked boats. This segment of the fleet has remained relatively stable in recent years, indicating continued reliance on these boats for inshore and small-scale fishing operations. These smaller craft are often used in coastal fishing and play a key role in supporting local communities and traditional fishing practices.

In contrast, the number of larger, decked vessels and trawlers has declined significantly. There are now 37 trawlers, down from 70 in 2004—a nearly 50% reduction over 20 years. Trawlers are typically used for deep-sea fishing and are a core component of industrial-scale fishing. Their decreasing numbers may reflect stricter regulations, fleet modernisation, or reduced demand in certain sectors.

Similarly, the number of decked fishing vessels (excluding trawlers) has also seen a substantial drop. In 2024, there were 675 decked vessels, a reduction of 194 boats compared to 2004. This decline points to an ongoing consolidation within the fishing industry, possibly as smaller operators exit the market or vessels are retired in favour of newer, more efficient ones.

Overall, the changes in Iceland’s fishing fleet composition reflect a broader shift towards efficiency and sustainability, as well as adaptation to technological advancements and policy changes in the fishing sector.

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Main Image © Fish Focus