The production of fishing and aquaculture in Canada, expressed in billions of Canadian Dollars, has shown varying trends over the years. Starting from 3.34 billion in 2013, the industry saw a steady increase, reaching 5.84 billion in 2023. Notable fluctuations include a significant rise from 2013 to 2017, a slight decrease in 2018, and a sharp decline in 2020 due to potential external factors. Recovery followed in subsequent years, with values reaching pre-2020 levels in 2021. The year-on-year growth from 2022 to 2023 was 1.99%, indicating continued recovery. The compound annual growth rate (CAGR) for the last five years stands at 1.54%, suggesting cautiously optimistic future growth.

Future trends to watch for:

Technological advancements in aquaculture practices enhancing productivity.
Potential impacts of climate change on aquatic ecosystems influencing production volumes.
Policy and regulatory changes affecting sustainable practices within the industry.
Global market demands and trade agreements shaping export opportunities.