As the main supplying countries continuously cut their quotas which results in a drop in production, the price of cold-water shrimp is increasing. Sales of warmwater shrimp in British supermarkets and retail channels continued to increase while sales of coldwater shrimp decreased. The value and volume of warm water shrimp products sold in the UK for household consumption has increased continuously over the past 3 years. Shrimp sales in 52 weeks ended on October 6, 2018, reaching 31.418 MTs, worth £446.4 million (equivalent to US$571.6 million).
The UK is the third largest importer of shrimp products in the EU after Spain and France. Unlike Spain (importing medium-sized shrimp for domestic consumption and export processing to intra-regional countries), the UK imports mainly shrimp for domestic consumption. In the last 4 years, the UK has been a considerable market of many Vietnamese shrimp exporting enterprises.
In the EU, the UK is the largest shrimp import market of Vietnam, accounting for nearly 36% of total shrimp exports of Vietnam to the EU and accounting for 6.8% of total Vietnam shrimp exports to all markets. In 2017, Vietnam shrimp export to the UK reached US$210.6 million, increasing by 55.5% compared to 2016. Accumulated to November 15, 2018, Vietnam shrimp export to the UK reached US$212.1 million, up by 16.4% over the same period last year.
From 2014 till now, the UK has always been in the top 2 positions in Vietnamese shrimp import markets. From 2014 to 2017, Vietnam shrimp exports to the UK continued to grow from US$114.6 million in 2014 to US$210.6 million in 2017, an increase of nearly 84%. As of November 15 this year, exporting Vietnam shrimp to the UK has reached US$212.1 million, higher than the export value of Vietnam shrimp to the UK in the whole year of 2017 (US$212.1 million).
Vietnam is the largest shrimp supply for the UK, accounting for 26.3% of total value of British shrimp imports, followed by India with 15.5%.
The UK is a remarkable market of Vietnamese shrimp exporters in the EU because exporting enterprises to this market are entitled to GSP tax incentives, similar to the general provisions in exporting to the EU. Processed shrimp products originating from Vietnam in the UK market have a higher advantage in price and quality compared to those of India and Bangladesh.
Because the UK is a highly competitive market from rival suppliers, businesses need to understand the market to make products suitable to consumers' tastes here. In order to succeed in the UK market, businesses need to provide products with good prices with consistent supplies and the ability to improve product development to keep up the tastes of people.
(seafood.vasep.com.vn) Seafood exports are holding double-digit growth, but the opportunities are not spread evenly across product groups and markets. As businesses draw up their plans for 2027, Vietnam Seafood Summit 2026 (VSS2026) offers a chance to look ahead together: what to sell, where to sell it, and how to prepare for growth in the coming years.
(seafood.vasep.com.vn) With less than two weeks to go, the Vietnam Seafood Summit 2026 (VSS 2026) will officially take place in Can Tho. Under the theme “Seafood Market Outlook 2027–2029 – Opportunities and Potential for Double-Digit Export Growth,” the Summit is organized by VASEP at a time when seafood businesses are facing rapid market shifts, changing buyer demand, trade policy changes and growing competitive pressure all at once.
(seafood.vasep.com.vn) On October 28, 2026, the China Fisheries & Seafood Expo opened in Qingdao, China. The expo takes place over three days from October 28 to 30, 2026. This is a prestigious specialized seafood exhibition organized annually by Sea Fare Exposition Inc.
(vasep.com.vn) In the first nine months of 2026, Vietnam’s tilapia exports to the CPTPP bloc reached $7 million, marking a 51% year-on-year increase. The bloc rstands as the fourth-largest market for Vietnamese tilapia, trailing Brazil, the US, and Saudi Arabia.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(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?
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
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