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March 13, 2026AQUACULTURE, 2024-REVISED Canada's aquaculture industry produced 160,318 tonnes of finfish and shellfish products in 2024 (including restocking), with a value of $1.36 billion.
Note: Production and value estimates for finfish and shellfish farmed in Nova Scotia in 2024 have been revised with final estimates. Data for aquaculture production in Alberta, Saskatchewan, and Manitoba was suppressed.
British Columbia is Canada's largest aquaculture producing province, accounting for 40.0% of national production volume (160,238 tonnes) and 41.2% of production value ($1.37 billion) in 2024.
Nova Scotia's aquaculture output of 11,247 tonnes was 7.0% of national output while the province's aquaculture production value of $114.7 million represented 8.4% of the national total.
National aquaculture output tonnage increased by 7.9% from 2023 to 2024. Newfoundland and Labrador reported the largest percentage gain in aquaculture production tonnage at +31.3% while Nova Scotia reported the largest decline at -6.9%.
Nova Scotia's aquaculture output value fell by 4.8% to $114.7 million from 2023 to 2024. National aquaculture output value was up (+8.2%) with a notable gain in Newfoundland and Labrador. Québec reported the steepest decline (followed by Nova Scotia).
In 2024, the average unit value of Nova Scotia's aquaculture products was above the national average at $10,201 per tonne - the second highest value among provinces after New Brunswick. This was up 2.3% from value per tonne in 2023.
National aquaculture value per tonne was $8,524 (+0.2% from 2023) with the lowest value in Prince Edward Island. Differences across provinces reflects in part differences in the relative amounts of finfish and shellfish produced in each province, with finfish generally having higher unit values.
Nova Scotia's aquaculture output volume as well as production value declined in 2023 and 2024 after a sizeable spike in 2022.
Value Added
Real GDP in Nova Scotia's aquaculture industry fell by 2.8% in 2024, one of five provinces to report a decline (along with British Columbia, Alberta, Saskatchewan, and Québec).
Aquaculture real GDP was up in: Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Ontario. There was no change to aquaculture real GDP in Manitoba. British Columbia, New Brunswick and Nova Scotia generate the largest amount of real GDP from aquaculture.
Between 2011 and 2024, Nova Scotia's aquaculture real GDP has grown at an average annual pace of 4.1% per year.
Source: Statistics Canada. Table 32-10-0107-01 Aquaculture, production and value; Table 36-10-0711-01 Gross domestic product (GDP) at basic prices, by industry, provinces and territories (x 1,000,000)