Shrimp imports of the UK is declining, but Vietnamese exporters are doing well in this market.
Statistics from Vietnam General Customs , in May, Vietnam shrimp exports to the UK reached US$ 9.4 million, doubled from the previous month. Through May, total shrimp exports to this market reached US$ 36.2 million, up 50.9% year-on-year.
UK shrimp imports have shown good growth in the last 5 years. According to the International Trade Centre (ITC), in the first 4 months of this year, shrimp imports fell 2.9% as economy in the EU has not recovered while the euro depreciated against the dollar causing importers to pay higher for the same commodity.
Vietnam is reported to be the 5th biggest shrimp supplier to the market in the initial 4 months of this year, after Bangladesh, India and Canada. Vietnam holds 10% of shrimp market share in the UK.
Vietnamese shrimp is competing with those from India, Thailand or Indonesia. From January to April, shrimp imports into the UK from Vietnam grew 16.8%, while imports from India, Indonesia, Thailand declined 20%, 30% and 22%, respectively .
In June 2014, British newspaper- the Guardian wrote: "The Thai fishing industry is built on slavery, with men often beaten, tortured and sometimes killed - all to catch 'trash fish' to feed the cheap farmed prawns sold in the west." Thai shrimp industry is then heavily affected. EU's generalized scheme of preferences (GSP) came to an end in 2014 and tax on shrimp from Thailand increased to 20%. From January 2015, tax on raw shrimp increased to 12% from the previous 4%.
In the late 2014, India faced warnings from the EU due to increases in the use of antibiotics on imported shrimp, therefore, it is unlikely that shrimp imports from India to EU will rise in the near future.
In mid-June 2015, demand for small-sized warm water shrimp rose as prices for coldwater shrimp were high at GBP 8/ kg. A shrimp processor in the UK expected to switch from coldwater shrimp into warm water shrimp.
More fish is on the plate as British cares for their health. Warm water shrimp and other new types of seafood are on the racks beside traditional ones.
Shrimp exports to the UK and other European markets are expected to increase, however, the speed of increase is slower due to debt crisis in Greece.
|
Shrimp imports into the UK (Unit: US$ thousands, Source: ITC) |
|||
|
Origin |
Jan-Apr 2014 |
Jan-Apr 2015 |
2015/2014(%) |
|
World |
260,800 |
253,112 |
-2.9 |
|
India |
42,547 |
34,037 |
-20.0 |
|
Bangladesh |
38,690 |
39,218 |
1.4 |
|
Canada |
18,488 |
29,934 |
61.9 |
|
Vietnam |
22,168 |
25,888 |
16.8 |
|
Indonesia |
27,131 |
18,844 |
-30.5 |
|
Thailand |
35,388 |
27,454 |
-22.4 |
|
Denmark |
18,108 |
15,356 |
-15.2 |
(seafood.vasep.com.vn) The year 2026 marks a period of strong growth for Vietnam’s tilapia industry, but it is also a time when international export competition is becoming increasingly intense. Vietnam’s tilapia exports reached USD 99 million in 2025, up 140% compared to the previous year. In the first four months of 2026 alone, export value reached USD 49 million, a 151% increase year-on-year. As global demand for affordable whitefish continues to rise, Vietnam is emerging as a noteworthy competitor to traditional tilapia powerhouses such as China, Indonesia, Brazil, and Egypt.
(seafood.vasep.com.vn) With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s tilapia exports to Asian markets showed varying trends across regions and countries. The Middle East recorded strong growth, with Saudi Arabia emerging as the largest Asian market for Vietnamese tilapia. ASEAN markets also expanded significantly, driven primarily by Malaysia. Meanwhile, Japan maintained solid growth, while exports to South Korea declined compared to the same period in 2025.
(seafood.vasep.com.vn) Shrimp and pangasius continued to lead growth, helping seafood exports reach $4.67 billion in the first five months of the year; however, differentiation among product groups and increasingly stringent requirements from importing markets are posing many challenges for the industry.
(seafood.vasep.com.vn) Every day, the seafood processing industry in Ca Mau generates large quantities of shrimp heads and shells during processing operations. In the past, these by-products were largely treated as waste, increasing production costs and posing potential environmental risks. However, thanks to advanced processing technologies, materials once considered waste are now being transformed into high-value products, creating a circular economy model within the seafood industry.
(seafood.vasep.com.vn) Vietnam Clean Seafood Corporation has invested in a 280-hectare super-intensive shrimp farming zone in Tran De Commune, Can Tho City, generating export value of approximately VND 3 billion per hectare per year—around 50 times higher than traditional agricultural production.
(vasep.com.vn) Vietnam’s seafood exports reached USD 1.02 billion in May 2026, up 0.6% year-on-year. Cumulative exports in the first five months of 2026 totaled USD 4.67 billion, an increase of 11% compared to the same period in 2025.
(seafood.vasep.com.vn) In a rapidly changing global seafood market, timely insights and reliable data are more critical than ever. The Report on Vietnam Seafood Exports in Q1/2026 provides a comprehensive overview of the latest developments in Vietnam’s seafood production, trade performance, and export trends, helping businesses navigate uncertainty and identify new growth opportunities.
(seafood.vasep.com.vn) While many major markets continue to experience slow growth, Russia has emerged as a brighter destination for Vietnamese tuna exports in early 2026. Export turnover to this market increased by nearly 55% in the first four months of the year, indicating a clear improvement in demand. Nevertheless, Russia remains a market that should be viewed with both optimism and caution.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
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