Although this is a relatively small market, the UAE is considered a potential one due to its growing demand for seafood, including shrimp, especially after the recent signing of the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA), which opens up new opportunities for shrimp exports to this market.
In the first nine months of this year, shrimp exports to this market reached US$7.4 million, accounting for 0.3% of the total and growing by 34% compared to the same period in 2023.
Key shrimp products exported to this market include frozen black tiger shrimp, frozen cooked PDTO whiteleg shrimp, frozen fresh EZP shrimp, frozen whole black tiger shrimp, frozen cooked whiteleg shrimp, frozen fresh PD shrimp, frozen breaded whiteleg shrimp, frozen fresh whiteleg shrimp, and frozen fresh Nobashi whiteleg shrimp.
Major shrimp exporters to the UAE include Ca Mau Seafood Processing and Service Joint Stock Company, Nam Kinh Seafood Company Limited, Minh Phu Seafood Corporation, and Minh Phu Giang Seafood Joint Stock Company.
|
Top 10 Largest Shrimp Exporters to UAE, Q1-Q3/2024 |
||
|
No. |
Company name |
Proportion (% Value) |
|
1 |
Ca Mau Seafood Processing and Service Joint Stock Company |
26,3 |
|
2 |
Nam Kinh Seafood Company Limited |
22,8 |
|
3 |
Minh Phu Seafood Corporation |
14,4 |
|
4 |
Minh Phu - Hau Giang Seafood Joint Stock Company |
7,4 |
|
5 |
Seafood Travel Construction Import-Export Joint Stock Company |
6,2 |
|
6 |
Dong Nam Seafood Import-Export Company Limited |
4,7 |
|
7 |
Sapawi Company Limited |
3,2 |
|
8 |
Silvera Food Trading Company Limited |
2,2 |
|
9 |
Phuoc Long Seafood Import-Export Company Limited |
2 |
|
10 |
Gallant Ocean Vietnam Joint Stock Company |
1,5 |
|
(Source: compiled by VASEP, for reference only) |
||
In the UAE market, Vietnamese shrimp face competition from India, China, and Ecuador. India dominates nearly 60-70% of the market share, while Ecuador has recently entered the market with a 15% share, whereas Vietnam's market share is only about 5-7%. India seems to have taken advantage of tariff preferences in this market to increase its shrimp export market share over the years. It is expected that with the newly signed CEPA, Vietnam is hopeful that its shrimp exports will soon enjoy the highest tariff incentives, facilitating an increased market share.
CEPA is Vietnam’s first free trade agreement with an Arab nation, opening a new era in upgraded and increasingly substantive relations between Vietnam and the UAE in particular and Arab countries in general.
Notably, both sides have made strong commitments to trade liberalization, with the UAE pledging to gradually eliminate tariffs on 99% of Vietnam's exports to the UAE. The agreement also includes many provisions to facilitate trade and investment, in line with current trends of digital transformation and green development.
With its strategic geographic location, advanced logistics system, and modern seaport infrastructure, the UAE serves as a vital gateway that can enable Vietnamese goods to access and expand into Middle Eastern, African, and European markets.
Moreover, the growing population, high income levels, rapid urbanization, increasing disposable income, and young people's preference for seafood, as well as the increasing online search for seafood products in recent years are expected to boost seafood consumption in the region.
However, the UAE remains a highly competitive market in terms of price and quality. Vietnamese enterprises need to adopt advanced science and technology in production, adjust management methods, minimize intermediate costs, in order to reduce product costs and enhance the competitiveness of their products. In addition, enterprises need to build a Halal certification system for shrimp products when exporting to this market.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
(seafood.vasep.com.vn) In the first eight months of 2026, Vietnam’s tuna exports to Lithuania surpassed $14 million, up 8% year on year. While the increase remains modest, it is notable given the continued pressure on Vietnamese tuna exports to the EU as a whole. More importantly, export turnover to Lithuania has shown a clearer recovery in recent months, making the market a destination worth monitoring for Vietnamese businesses in Europe.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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