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The operating revenues generated by Canada's aquaculture industry in 2006 were at an all-time high for the second consecutive year in the wake of increased production and exports.
The industry reported record revenues of $968.7 million, up 24.7% from 2005.
Finfish sales, which accounted for 89.5% of total operating revenues, increased 26.2% to $867.2 million. Revenue from molluscs increased 4.1% to $71.7 million.
Nationally, product expenses grew 5.6% to $590.4 million in 2006. These consist of the costs of products and services purchased from other businesses, excluding capital and labour costs. Feed costs, which account for over 50% of all product expenses for finfish producers, increased 19.6% from $252.6 million in 2005 to $301.9 million.
The aquaculture industry produced a gross output, including sales, subsidies and inventory change, of $981.7 million in 2006, a substantial increase of 21.4% from 2005.
The gross value added by the industry to the economy, the difference between gross output and total product inputs, reached $395.8 million, up 58.4% from 2005.
Available on CANSIM: tables 003-0001 and 003-0003.
Definitions, data sources and methods: survey numbers, including related surveys, 3479 and 4701.
The publication, Aquaculture Statistics, 2006 (23-222-XWE, free), is now available on our website. From the Publications module, under Free Internet publications, choose Agriculture.
For more information, contact Client Services (toll-free 1-800-465-1991). To enquire about the concepts, methods or data quality of this release, contact Bernadette Alain (902-893-7251; bernadette.alain@statcan.gc.ca), or Debbie Dupuis (613-951-2553; debbie.dupuis@statcan.gc.ca), Agriculture Division.
