According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
More than $5 million worth of pangasius was bought by this nation from Vietnam earlier this year, an increase of 19% from January 2023 and 17% from January 2022. Vietnam's pangasius exports to the UK fell by 16% to about $4 million in February 2024, perhaps as a result of the Tet vacation coincided in the same month. Nevertheless, compared to the same month in 2022—the year that pangasius exports hit a record high—this number is still 1.5 times larger.
ITC data indicates that in January 2024, the UK imported 15,000 tons of whitefish worth USD 87 million from around the globe. Comparing this to January 2023, there has been a 12% decline in value and a 9% fall in volume. Just 8% of the world's total whitefish imports into the UK were from Vietnam, mostly are pangasius products.
The UK's top supplier of frozen cod fillet (HS code 030471), which is the most popular whitefish product among customers in this European nation, is China. Frozen cod fillet (HS code 030471) was imported into the UK for $10 million in January 2024 from China, a 40% decline from the same period the previous year and makes up 21% of the UK's global imports of whitefish. With a value of around $2 million in the first month of this year, Vietnam is ranked 7th among suppliers to the UK, rising 366% from the same period last year.
Following that, other products chosen by consumers in the UK include: frozen haddock fillet, HS code 030472, with $11 million, up 9%; frozen cod fillet, HS code 030463, with $6 million, up 28%; frozen fillet of Alaska pollock, HS code 030475, with $5.6 million, down 59% compared to the same period.
One of Vietnam's main export markets for pangasius is the UK, where demand is still largely steady. Pangasius exports showed promising outcomes in 2022 and 2023 as well. Vietnam's pangasius exports soared in most markets in 2022, but bad context of 2023 caused a decline in imports in many nations. Nevertheless, even with certain months seeing double-digit negative growth, pangasius exports to the UK increased by 9% overall in 2023 compared to the year before.
Concerns over environmentally friendly products and sustainability are growing among UK consumers. As a result, products exported to this market must abide by laws governing resource management, reduce their negative effects on the environment, and ensure production sustainability.
In March 2024, the top 5 Vietnam pangasius exporters to the UK include: Vinh Hoan Corporation accounting for 30% market share, NTSF Seafoods accounting for 20% market share, Godaco Seafoods and Dai Thanh Seafoods accounting for 7% market share each, and Phu Thanh Hai Corporation accounting for 6% market share.
(seafood.vasep.com.vn) The first two months of 2025 recorded positive signals in Vietnam's seafood export activities, with total revenue reaching USD 1.423 billion, growing 18.2% compared to the same period in 2024. In February 2025, the export value hit USD 655.197 million, showing an impressive growth of 42.6%.
(seafood.vasep.com.vn) Kiên Giang Province, home to over 13,000 fishing vessels, is intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing. Faced with challenges from offshore fishing, many vessels have shifted to near-shore fishing using destructive methods, severely damaging marine ecosystems.
(seafood.vasep.com.vn) Vinh Hoan Corporation (HOSE: VHC) continues to solidify its position as the leader in Vietnam's pangasius export industry with impressive business results in 2024 and positive prospects for 2025. Factors supporting growth, such as recovering demand, improved selling prices, and favorable international trade policies, make Vinh Hoan one of the top stocks to watch in investment portfolios for 2025.
Amid global trade uncertainties, Việt Nam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.
On February 26, 2025, VinFast and the Vietnam Association of Seafood Exporters and Producers (VASEP) signed a comprehensive cooperation agreement to strongly promote green transformation goals. The collaboration between the two parties will contribute to the realization of the country’s sustainable development goals and help elevate the Vietnamese brand on the international market.
(seafood.vasep.com.vn) In 2024, the total brackish water shrimp farming area in Ca Mau reached 278,600 hectares, with a shrimp output of 242,000 tons. This output achieved 99.59% of the set target and marked a 4.57% increase compared to the same period last year. The average shrimp yield attained 869 kilograms per hectare per year, representing a 38 kilograms per hectare per year increase compared to 2023. Shrimp export turnover reached USD 1.12 billion, positioning Ca Mau amongst the nation's leading localities in this sector.
(seafood.vasep.com.vn) In 2024, Ben Tre province expanded its high-technology application in aquaculture by an additional 523 hectares, surpassing the planned target of 500 hectares and achieving a fulfillment rate of 104.6%. To date, the province has converted 3,633 hectares to high-tech aquaculture out of the 4,000-hectare goal, representing 90.82% progress towards the 2021-2025 phase plan. This sector yields an average productivity of 60-70 tons per hectare, with a total output reaching 221,282 tons. The average profit margin ranges from VND 700 to 800 million per farming season, delivering substantial economic benefits to the local populace.
(seafood.vasep.com.vn) In 2025 In 2025, Vietnam's brackish water shrimp industry will continue to grow sustainably, enhancing value-added products with strong contributions from local authorities and the business community.
(seafood.vasep.com.vn) In January 2025, the country's total seafood output was estimated at 594,100 tons, a 0.7% increase compared to the same period last year. Specifically, fish production reached 443,400 tons, up 0.7%; shrimp output was 56,300 tons, up 3.1%; and other seafood products totaled 94,400 tons, down 0.9%.
(seafood.vasep.com.vn) The industrial pangasius production in Vinh Long province in 2024 reached 95,100 tons, a 4% decrease compared to 2023. Despite the decline in production, positive trends in the final months of the year offer hope for improving economic efficiency in the near future. Additionally, the increase in the area for industrial pangasius farming and the maintenance of overall aquaculture area demonstrate the province’s efforts to sustain its production activities.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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