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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

November 22, 2018
AQUACULTURE STATISTICS, 2017

Sales of Nova Scotia aquaculture products and services grew to $116.0 million in 2017, the highest level since these statistics were reported in 1991. Nova Scotia's aquaculture production, primarily finfish (in tonnage and value) grew by 69.3 per cent, to 13,352 tonnes. 

Nova Scotia had the fourth largest provincial aquaculture industry in terms of sales in 2017 behind British Columbia, New Brunswick, and Newfoundland and Labrador (Note that Newfoundland and Labrador, and PEI values were suppressed for confidentiality reasons - BC and PEI's 2016 sales are shown below). Nova Scotia's sales account for 8.3 per cent of the national total.

Nova Scotia had the fifth largest aquaculture production (measured in tonnes of product) in 2017, behind British Columbia, New Brunswick, PEI, and Newfoundland and Labrador. Nova Scotia's production accounted for 7.0 per cent of the national total. 

Across the country, three of the seven provinces with available data saw growth in aquaculture production in 2017 compared to 2016, with the fastest growth in Nova Scotia (+69.3% production in tonnes). Newfoundland and Labrador had the steepest decline in tonnage (-24.1%) in 2017. 

 

In terms of sales value per tonne of product, Nova Scotia had the second highest in the country in 2017 at $8,690 per tonne due to production that was primarily focused on high-value per tonne salmon. Prince Edward Island had the lowest sales value per tonne of production (2016 figures), due to production that was primarily focused on low-value per tonne shellfish. 

Value Added

In 2017, Nova Scotia aquaculture's gross output grew (compared to 2015 as 2016's data were suppressed) by 60.9 per cent to $113.7 million. Total operating revenue was $120.9 million. Product expenses were $46.5 million, which included $5.5 million in salaries and wages and $590,000 in benefits.

Aqauculture Real GDP grew $18.2 million in 2017 to $48.6 million, 59.9 per cent above 2016 levels. 

 

Source: Stastics Canada Tables 32-10-0005-0132-10-0107-01, 32-10-0108-01, and 36-10-0402-01 (GDP)



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