New Brunswick less important for Canadian aquaculture exports
After showing a significant strengthening of six per cent this year, the agency predicts a 20 per cent increase in 2009. The increase is explained by rising energy prices and the new liquefied natural gas terminal in Saint John. Ten years ago, 1998, the New Brunswick aquaculture industry accounted for close to 30 per cent of the total Canadian aquaculture exports. Currently, this percentage is at about 20 per cent.
In the past five years, overall food products manufacturing exports from New Brunswick have dropped 24 per cent, or more than CAD 219 million in decreased export value. Frozen food products from New Brunswick accounted for about 26 per cent of total Canadian exports ten years ago. Last year that percentage had dropped to only 10.7 per cent. For Canada as a whole, frozen food exports are up by CAD 754 million, while New Brunswick’s part of this export is down CAD 23 million over the 10-year period.
Though there are a few sectors that are showing increased exports, non-energy related exports are showing a downward trend in New Brunswick while continuing to increase across Canada.
