Acronym NA
Category
Seafood Processing
Title Krisetider for saltfisk? Konkurrentanalyse av norsk og islandsk fiskerinæring - Times of crisis for salted fish? Competitor analysis of the Norwegian and Icelandic fishing industry Programme National Programme
Instrument (FP6)
Contact Type (FP7)
Strand (Interreg)
NA
Theme (FP7)
Activity Area (FP6)
Regional Area (Interreg)
Action (COST)
NA
Specific Programme (FP7)
NA
Funding source National Coordinator Bjørn Inge Bendiksen Coordinator email bjorn-inge.bendiksen@nofima.no
Coordinator institution
NOFIMA - Norwegian Institute of Food, Fisheries and Aquaculture Research (Norway)
Institutions involved
NA
Start year 2009 End year 2009 Funding (€) € NA Website https://www.fhf.no/prosjekter/prosjektbasen/900158/ Summary "The international financial crisis that was triggered in 2008 is expected to lead to sharply reduced economic growth or negative growth in many countries. This has already affected the markets for seafood and has also led to uncertainty, lower sales and falling prices in the markets for salted fish and clipfish. Iceland was hit hard by the global financial crisis. The crisis has had greater consequences for the country's public finances and its business life than in most other countries. The economic outlook in Iceland must still be characterized as extremely uncertain. So far, much attention has been paid to the currency situation in Iceland and the fate of the Icelandic banks. Little attention has been paid to how other businesses and industry in Iceland will be affected and how they will adapt to survive. The fishing industry in Iceland faces a number of challenges. The financial industry has been of great importance for the restructuring that has taken place in the fishing industry in Iceland in recent years. The companies have been provided with significant risk capital and loan capital in connection with acquisitions, mergers and quota purchases. At the beginning of 2007, the book values of the quotas in Icelandic companies accounted for more than half of the companies' debt of NOK 28 billion. The largest and most important salted fish producers are all vertically integrated with their own vessels and own a significant share of the fishing rights. This can have consequences both for the operational activities and for the financial structure of the Icelandic fishing industry. There are already examples of Icelandic exporters being forced to lower the prices of their products far more than Norwegian players. Resistance in the market has also led Russian players to accept lower prices for raw materials, which could further push up the prices of salted fish and clipfish produced in Norway or Iceland. This project will analyze the salted fish industry in Norway and Iceland in light of the expected negative economic growth in the international economy.
The results will form the basis for a better understanding of what happens in the salted fish markets, how Icelandic and Norwegian players are positioned, how they will be affected and how the players will adapt with regard to the choice of products, markets and pricing."
Keywords
Cod;
Fish products;
Economy;
Fish;
Market;
Marine Region
41
Norwegian Sea (27.IIa)
36
Iceland Grounds (27.Va)
25
Faroes Grounds (27.Vb)
3
Marine Region Map
