This is the 772nd most frequent Icelandic word.
sjávarútvegi
"Fishing industry" or "marine industry."
The word 'sjávarútveg' is used to refer to the fishing industry as a whole.
Ísland er þekkt fyrir sjávarútveg sinn.
Iceland is known for its fishing industry.
In this case, 'sjávarútveg' refers to the long-term sustainable efforts of the industry.
Framtíð sjávarútvegs veltur á sjálfbærri nýtingu auðlinda.
The future of the fishing industry depends on sustainable resource utilization.
Here, 'sjávarútveg' is mentioned to highlight its economic significance.