Íslandsbanki and Glacier launch a new report on Canadian Seafood Market

  • Total 2011 exports of seafood products in Canada increases by 2 million CAD between years
  • Consumer seafood prices have increased by 11.2% since 2006
  • Canadian aquaculture is rapidly growing with salmon farming

Íslandsbanki and Glacier Securities have released a new Canadian Seafood Market Report at the Boston Seafood Show which takes place on the 11th - 13th March.

The report was prepared by the seafood team at Íslandsbanki in co-operation with Glacier Securities, a New York based wholly owned subsidiary of Íslandsbanki specializing in providing corporate advisory in the seafood industry. The report provides an analytical overview of the Canadian seafood industry covering import, export, consumption and main species.

Canada is the 22nd largest fishing nation in the world with annual catch of 1.1 million MT. Total 2011 exports of seafood products in Canada are valued at CAD 4.1 billion which is an increase in value from 2010 when seafood was exported for CAD 3.9 billion. Commercial landings on the Atlantic Coast of Canada represent 84% of total landing volume and 82% of value. Canadian consumer seafood prices have increased by 11.2% since 2006 (2.2% CAGR). Canadian aquaculture is rapidly growing with salmon farming at the forefront and now Canada ranks 4th in the world in farmed salmon, behind Norway, Chile, and the U.K.

Reports and data sources on the seafood industry

The report on the Canadian Seafood Industry and the recently published report on The Importance of the Ocean Cluster for the Icelandic Economy are available now, free of charge, on Islandsbanki’s website: islandsbanki.is/seafood. Furthermore, the at the website, you can access the Seafood Industry Dashboard comprehensive collection of data sets for the seafood industry with a specific focus on the United States and Iceland.

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