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Consolidation in the fishing industry

Staff at Arev wrote an article in Vísbendingu about consolidation in the fishing industry. The link to the article is here.

The article includes, amongst other things, a table showing MHHI, HHI, CR3 and CR8 for the 2023/24 fishing year, based on ownership at the end of 2023:

TypeMHHI valuesHHI valueCorrect the spelling of CR3%Create a new task for the third time.
Trout value (%)70659527,661,6
redfish/golden redfish1.5081.23942,774,9
Cod55349724,655,9
Pike93687533,671,5
Whiting66862121,260,8
Processed fish species1562141836.678.1
Without pelagic species.67256627.160.6

There is also a table that shows similar information for the food market:

AssociationSale (MA)Market share %HHI valueCorrect the spelling of CR3%Create a new task for the third time.
Behaviour122.01547%2.181
Attach70.65927%731
Home shopping5.0802%4
Fjarðarkaup4.1432%3
Costco8.7283%11
Euro & Mini market3.3131%2
Others5.2412%4
Co-operatives42.10816%260
 
Total26.288 3.19576%98%

The tables show that there is a significant difference between the concentration in the food market and in fishing quotas.

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