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The Role of Fish Markets in the Icelandic Value Chain

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Abstract
  • The fish auction markets have proven important in the development of the Icelandic fish industry from the time of their establishment in Iceland in 1987, evening out short run catch variations, allowing for specialization and contributing to increased value creation in the value chain for fish and fish products. This research focus on the role of the auction markets in the Icelandic fish value chain. Three distinctive effects of fish markets were identified: firstly, specialisation, where large and small fisheries companies use the fish markets to swap or sell all other species than needed in their specialised production (usually to SMEs producers specializing in those species); secondly, to gain stability in sourcing, where companies source raw material from the fish markets and top-up when there is lack of certain species (or sizes) from the companies' own boats and; thirdly, the market driven function or effect (market orientated value creation). The study focuses the importance of fish auctions facilitating and supporting role and their effect on the development of the Icelandic fisheries sector. Further, the effects of the fish auctions on value creation in traditional by-catch species is explored by comparison of the price for these species in Iceland and Norway.
  • Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.
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  • Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.
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  • 0976343290

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