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Value Added

Aquaculture in Canada emerged in the 1970's in response to increasing global demand for fish and seafood. In the last 30 years, the sector has grown into an important commercial activity for Canada. In this section you will find annual estimates produced by Statistics Canada on the value added of the aquaculture, for the period 1997-2020. The information is grouped into four main categories – namely, outputs, product inputs, gross value added, and other primary (labor) inputs.

Between 2010 and 2020, total gross output increased by 14% from $1.0 billion to $1.2 billion. However, total input costs increased from $650 million to $1.0 billion, or 55%, over the same period. The more rapid growth in input costs relative to total output has reduced industry profitability, resulting in a decline in gross value added from $381.1 million in 2010 to $164.0 million in 2020.

Regionally, British Columbia accounts for the largest share of Canadian aquaculture activity. At $680 million, the province accounted for 64 per cent of the national total in 2020. New Brunswick accounted for the second largest share of sales ($141 million), followed by Nova Scotia ($94.5 million), and Newfoundland and Labrador ($58.8 million). All provinces except for Nova Scotia recorded a decrease in aquaculture sales in 2020.

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