Vietnam shrimp exports to the UK in 2015 reported the increase in spite of the decline in shrimp exports to EU. Among the EU bloc, from the third position in importing shrimp from Vietnam in 2014, the UK surpassed to the second rank since the early 2015. Since Aug 2015, the UK surpassed Germany to take the lead in EU in importing Vietnamese shrimp.
Up to May 2016, the UK returned the top position for Germany with US$46 million of Vietnam’s shrimp exports to Germany in Jan-May 2016.
Rise in Vietnam shrimp sales to the UK was attributable to the market’s higher demand for warmwater shrimp amid decline in coldwater shrimp supply with high price.
According to Eurostat, in Jan-Apr 2016, imports of coldwater shrimp (Crangon crangon shrimp) into the UK reached 17 MT, down 80% from the same period of 2015 (85 MT). The average import price in the period reached EUR14.20/kg from EUR6.64/kg of the same period of 2015.
In Jan-Mar 2016, imports of warmwater shrimp (Penaeus spp) into the market reached 545 MT, up 146.6% year on year (221 MT) with the average import price of EUR9.44/kg from EUR9.25/kg of the same period of last year.
It is expected that Vietnam shrimp exports to the UK in Jun 2016 fell slightly due to instability of exchange rate caused by Brexit event in Jun 23, 2016.
Compiled by Kim Thu
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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