According to preliminary data for 2014 the value of catch has decreased by 10.9% since 2013.
Value of demersal catch was 92 billion ISK in 2014 which is about 1% decrease from 2013. The value of all species except cod decreased from previous year. Cod catch values increased by 11.9% and was 53 billion ISK in 2014.
Flatfish catch values were 7 billion ISK and decreased by 28% from prevous year. This is mostly due to 2.6 billion ISK decrease in value of greenland halibut catch.
The value of pelagic catch decreased by 26.5% from 2013-2014. The value of capelin decrased significantly and was 3.8 billion ISK in 2014 compared to 16.4 billion ISK in 2013. The value of herring catch was 9.5 billion ISK in 2014, which is 10% less than in previous year. Mackerel catch value was 15.3 billion ISK which is similar to previous year. The value of blue whiting catch increased significantly from 3 billion ISK in 2013 to 4.7 billion ISK in 2014.
Shellfish catch value amounted to 3.7 billion ISK in 2014 which is 17.8% decrease from previous year. The value of shrimp catch was 2.5 billion ISK, 29% less than in 2013. The value of lobster catch increased by ca. 29% compared to the year 2013.
| Value of catch January - December 2014 | ||||||
| Million ISK | December | January-December | ||||
| 2013 | 2014 | % | 2013 | 2014 | % | |
| Total value | 8,287.3 | 7,961.5 | -3.9 | 152,751.7 | 136,149.6 | -10.9 |
| Demersal catch | 7,022.3 | 6,392.6 | -9.0 | 93,104.0 | 92,065.8 | -1.1 |
| Cod | 3,887.0 | 3,661.5 | -5.8 | 47,340.8 | 52,985.5 | 11.9 |
| Haddock | 907.3 | 662.0 | -27.0 | 12,097.0 | 10,320.2 | -14.7 |
| Saith | 526.2 | 583.5 | 10.9 | 9,804.8 | 7,872.2 | -19.7 |
| Redfish | 1,218.8 | 1,109.9 | -8.9 | 13,876.3 | 13,166.7 | -5.1 |
| Ocean redfish | 0.0 | 0.0 | – | 2,136.6 | 584.0 | -72.7 |
| Other demersal | 482.9 | 375.7 | -22.2 | 7,848.5 | 7,137.1 | -9.1 |
| Flatfish catch | 554.8 | 354.2 | -36.2 | 9,840.5 | 7,072.5 | -28.1 |
| Pelagic catch | 639.4 | 1,050.8 | 64.3 | 45,338.7 | 33,338.4 | -26.5 |
| Herring | 564.6 | 645.4 | 14.3 | 10,547.6 | 9,459.1 | -10.3 |
| Capelin | 0.0 | 0.0 | – | 16,358.4 | 3,818.4 | -76.7 |
| Blue whiting | 74.9 | 405.3 | 441.4 | 3,028.8 | 4,746.4 | 56.7 |
| Mackerel | 0.0 | 0.0 | – | 15,402.7 | 15,261.1 | -0.9 |
| Other pelagics | 0.0 | 0.0 | – | 1.1 | 53.4 | – |
| Shellfish catch | 70.8 | 164.0 | 131.8 | 4,468.5 | 3,672.9 | -17.8 |
| Lobster | 6.2 | 3.6 | -40.9 | 808.4 | 1,042.0 | 28.9 |
| Shrimp | 57.6 | 155.9 | 170.6 | 3,570.3 | 2,535.5 | -29.0 |
| Other shellfish | 7.0 | 4.5 | -35.4 | 89.8 | 95.4 | 6.2 |
| Miscellaneous catch | 0.0 | 0.0 | – | 0.0 | 0.0 | – |
| Value of catch by type of landing January - December 2014 | ||||||
| Million ISK | December | January-December | ||||
| 2013 | 2014 | % | 2013 | 2014 | % | |
| Total value | 8,287.3 | 7,961.5 | -3.9 | 152,747.5 | 136,149.7 | -10.9 |
| For domestic processing | 3,373.8 | 3,505.9 | 3.9 | 71,262.8 | 67,357.2 | -5.5 |
| For export in containers | 344.0 | 313.3 | – | 4,669.4 | 4,291.9 | -8.1 |
| Landed abroad for fishmeal and oil production | – | – | – | 317.7 | 39.4 | -87.6 |
| Frozen at sea | 3,434.2 | 2,990.2 | -12.9 | 55,004.6 | 43,948.1 | -20.1 |
| To auction market, for domestic processing | 1,111.0 | 1,001.3 | -9.9 | 20,701.4 | 19,706.3 | -4.8 |
| Frozen at sea, for domestic re-processing | – | 125 | – | 190.4 | 222.5 | 16.9 |
| Fresh fish sold from vessel abroad | – | – | – | – | – | – |
| Farmed fish | – | – | – | – | – | – |
| Other types of landings | 24.3 | 25.8 | 6.0 | 601.2 | 584.4 | -2.8 |
| Value of catch by region of landing January - December 2014 | ||||||
| Million ISK | December | January-November | ||||
| 2013 | 2014 | % | 2013 | 2014 | % | |
| Total value | 8,287.3 | 7,961.5 | -3.9 | 152,751.7 | 136,149.7 | -10.9 |
| Capital region | 2,442.3 | 2,449.4 | 0.3 | 36,458.2 | 33,985.9 | -6.8 |
| West | 286.0 | 316.4 | 10.6 | 6,099.0 | 6,365.1 | 4.4 |
| Westfjords | 524.5 | 468.8 | -10.6 | 9,156.0 | 8,033.1 | -12.3 |
| Northwest | 868.2 | 660.2 | -24.0 | 11,296.5 | 9,738.4 | -13.8 |
| Northeast | 1,149.1 | 1,018.1 | -11.4 | 18,239.2 | 18,185.1 | -0.3 |
| East | 587.0 | 725.4 | 23.6 | 24,640.6 | 18,667.2 | -24.2 |
| South | 525.7 | 555.2 | 5.6 | 17,055.5 | 14,079.9 | -17.4 |
| Southwest | 1,540.7 | 1,415.5 | -8.1 | 24,314.5 | 22,336.6 | -8.1 |
| Abroad | 363.7 | 352.5 | -3.1 | 5,492.2 | 4,758.6 | -13.4 |