Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#10 In EuropeBusiness
#10 In EuropeEmployees
#10 In EuropeWages
#5 In EuropeThe Seafood Processing in Iceland ranks 10 in Europe with regards to its 2024 revenue (€1.7bn). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (4.3 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Seafood Processing industry in Iceland in 2024?
The market size of the Seafood Processing industry in Iceland is €1.7bn in 2024.
How many businesses are there in the Seafood Processing in Iceland industry in 2024?
There are 190 businesses in the Seafood Processing industry in Iceland, which has declined at a CAGR of 2.4 % between 2019 and 2024.
Has the Seafood Processing industry in Iceland grown or declined over the past 5 years?
The market size of the Seafood Processing industry in Iceland has been declining at a CAGR of 4.3 % between 2019 and 2024.
What is the forecast growth of the Seafood Processing industry in Iceland over the next 5 years?
Over the next five years, the Seafood Processing industry in Iceland is expected to grow.
What are the biggest companies in the Seafood Processing market in Iceland?
The biggest company operating in the Seafood Processing market in Iceland is Iceland Seafood International
What does the Seafood Processing in Iceland include?
Frozen Seafood and Fresh or Chilled Seafood are part of the Seafood Processing industry.
Which companies have the highest market share in the Seafood Processing in Iceland?
The company holding the most market share in Iceland is Iceland Seafood International.
How competitive is the Seafood Processing industry in Iceland?
The level of competition is moderate and steady in the Seafood Processing industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Meat Processing in Iceland
- Fruit & Vegetable Processing in Iceland
Complementors
- Prepared Meal Production in Iceland
- Food & Drink Wholesaling in Iceland
International industries
Table of Contents
About this industry
Industry definition
Industry operators process and preserve fish, molluscs, crustaceans and other seafood. The industry includes factory ships that process seafood, unless they also engage in fishing activities, and excludes the processing of products derived from marine mammals. The preparation of frozen fish dishes and the manufacture of fish soups also fall outside the scope of the industry.
What's included in this industry?
Frozen Seafood Fresh or Chilled Seafood Seafood in batter or breadcrumbs Fishmeal Canned/preserved seafood Smoked, dried and salted seafood OtherIndustry Code
102 - Processing and preserving of fish, crustaceans and molluscs in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Seafood Processing in Iceland
- Employees in the Seafood Processing in Iceland
- Business in the Seafood Processing in Iceland
- Profit in the Seafood Processing in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Europe's seafood processing and preservation industry faces stringent and evolving regulatory standards. These regulations focus on sustainability, food safety and traceability, ensuring product quality while protecting marine ecosystems and consumer health.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Seafood Processing in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Eco-conscious seafood processors boost profit by focusing on sustainable production methods. Consumers and regulators are willing to pay more for sustainably-produced seafood.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Seafood Processing in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
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