How Canadian Fish Farmers Process $484 Million Worth Of Lobsters - Fish Farm

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The fishing industry has long been a significant driver of Canada's economy, contributing billions of dollars in revenue each year. At the forefront of this industry is the lobster sector, generating an estimated worth of over $484 million. A large portion of which comes from exporting lobsters worldwide. This succulent crustacean is not only an integral part of Canadian cuisine but has also gained an international reputation, becoming a highly sought-after commodity. Its rich taste and tender texture have made it one of the most valuable catches in Canada, contributing billions of dollars to the economy each year. In 2021 alone, Canada exported 95.5 million kilograms of lobsters, worth over $2 billion CAD, with the United States being the largest market, importing nearly 80% of all exported lobsters. But it's not just the US - countries like China, Japan, and South Korea are also major fans, importing significant quantities of lobsters every year.
As we explore the fascinating world of Canadian lobster fishing, one question looms large: just how do the Canadian fish farmers reel in enough lobsters to generate a whopping $484 million in revenue each year?
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