Aquaculture industry sales and expenses decline in 2023
In 2023, sales of Canadian aquaculture products and services decreased 4.7% compared with 2022 to $1.3 billion, while product expenses declined 3.0%. Aquaculture sales in British Columbia were down 35.9%, while sales in the Atlantic provinces increased 68.8%.
Nationally, farmed finfish production fell to 107 144 tonnes in 2023, a 15.7% decline from 2022. While the average farmed finfish price rose 9.7% to $10.52 per kilogram over the same period, the total farmed finfish value decreased 7.5% to $1.1 billion.
Canadian farmed shellfish production also declined in 2023, down 4.5% to 38 699 tonnes. Despite the decrease in production, farmed shellfish value edged up to $126.5 million (+1.0%), as the average farmed shellfish price increased to $3.27 per kilogram (+5.7%).
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