News May 03, 2011

Iceland Seafood Poised for Comeback

According to, panelists at a conference on the future of Iceland’s seafood industry said the country is in a good position for recovery in the segment.  The conference, held in New York City, was sponsored by the Icelandic-American Chamber of Commerce, which brought together speakers from both Iceland and the United States to discuss the future of Iceland’s seafood sector — now one of the country’s most important. 

In 2010, marine products accounted for about 50 percent of Iceland’s total export value, with approximately 80 percent sold to European countries.  According to a study by Islandsbanki, 2010 per capita seafood consumption by Icelanders is the highest in the world – 220.5 lbs. annually, well ahead of Japan at 133.5 lbs.