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Pangasius exports to the UK to climb in QII/2016
May 10, 2016, 10:01 AM
(seafood.vasep.com.vn) In 2015, Vietnam pangasius exports to the UK valued US$46.56 million, accounting for 3% of total export value, up 13.9% over the previous year. The average prices of imported catfish and pangasius into the UK were about US$3.11 - 3.82/kg, higher than some other markets in Europe such as Germany, Belgium, Finland, and France. Higher price in 2015 helped to facilitate pangasius exports of Vietnam to the market.

However, in the first three months of this year, pangasius exports to the UK were on the downward trend. As of Mar 2016, the figure estimated at US$10.7 million, down 13.1% compared to the same period in 2015. Despite the year-on-year decline, the UK still stays as the second largest pangasius importer of Vietnam in the EU bloc.

The reason for the decline was that last year (especially in the late 2015) retail sales of frozen pangasius in the UK posted a fall. In particular, pangasius from Vietnam were subject to fierce competition with some other marine products (salmon, cod, pollock, warm-water shrimp, and tuna). In the late 2015, consumption of whitefish species, especially cod as well as salmon in the UK surged up.

Vietnam currently ranks the 7th in the top largest whitefish suppliers to the UK, but provides almost all pangasius products to this market, accounting for 87-93% of the total import value of catfish and pangasius into the UK.

According to ITC statistics, in 2015, the import value of some whitefish species into the UK recorded the good growth, especially frozen cod fillets (HS code 030471). In addition, imports of other products such as haddock fillets (HS code 030472); frozen Alaska pollock fillets (HS code 030475); fresh/chilled haddock (HS code 030252) remained stable. In 2015, pangasius imports into the UK had positive growth, however, in QI/2016 the imports were slowed down.

In Jan 2016, import value of whitefish products (cod, haddock, Alaska pollock, and tilapia) from Iceland, China, Norway, and Russia continues to increase, while pangasius imports from Vietnam were stagnant. However, the drop in QI/2016 was temporary, in QII/2016, Vietnam pangasius exports to the UK expected to rise up.

Whitefish imports into the UK in 2015 (Thousand US$)

No.

Markets

QI

QII

QIII

QIV

 2015

2014

Variation (%)

1

Iceland

50,942

49,843

44,147

47,976

192,908

186,097

3.7

2

China

54,953

36,926

53,627

36,828

182,334

201,088

-9.3

3

Norway

24,726

19,258

22,245

29,482

95,711

105,971

-9.7

4

Russia

30,323

25,322

17,588

17,977

91,210

74,727

22.1

5

The Faroe Islands

18,985

15,858

14,102

9,280

58,225

46,146

26.2

6

Germany

9,999

16,348

14,918

10,097

51,362

50,651

1.4

7

Vietnam

12,991

11,925

11,585

10,565

47,066

41,851

12.5

8

Denmark

12,624

12,421

9,697

7,599

42,341

48,676

-13.0

9

The U.S.

8,741

3,402

3,278

5,850

21,271

29,472

-27.8

10

Poland

5,032

5,728

4,615

5,194

20,569

33,618

-38.8

11

Sweden

2,992

4,298

3,140

1,839

12,269

11,427

7.4

12

South Africa

1,841

1,405

1,165

1,574

5,985

7,500

-20.2

13

The Netherlands

1,371

1,544

1,322

1,658

5,895

8,738

-32.5

14

Canada

1270

872

1227

451

3,820

5,848

-34.7

15

Ireland

978

488

770

635

2,871

6,986

-58.9

Written by Ta Ha

Compiled by Dieu Thuy

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Specialist on Pangasius market
Ms Ta Ha
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