Vietnam pangasius exports to UK to record positive growth

News 14:14 06/04/2018
(seafood.vasep.com.vn) In 2017, the UK was the only market with the positive growth in pangasius imports from Vietnam. By the end of the year, Vietnam’s pangasius exports to this market valued at US$45.7 million, accounting for 2.6% of the total export value, up 2.5% over 2016. With this value, the Netherlands and the UK stayed as the two largest pangasius exporters of Vietnam.

So far, Vietnam pangasius had to compete with other whitefish products in the UK such as frozen cod, haddock and frozen pollock.

Vietnam pangasius has more competitive prices compared to other whitefish products. In the coming time, the UK expected to be a potential market of Vietnam’s seafood companies.

Currently, Vietnam held as the 6th largest supplier of whitefish to the UK market. Iceland and China were the two leading ones, accounting for 20-45% of the UK imports. In particular, cod products accounted for the largest proportion of UK imports in 2017. Apart from exporting pangasius, Vietnamese exporters also supplied some cod fish products to the market.

In 2018, Vietnam’s pangasius exports forecasted to slightly increase and remain the same level as that in 2017. However, compared with other importing markets in the EU, Vietnam’s pangasius exports to the UK continued to show the positive growth and good signs of recovery.

Whitefish imports into the UK, Jan-Oct 2017 (Thousand US$, Source: ITC)

Exporters

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Iceland

9,336

2,799

14,073

22,477

15,550

12,859

15,074

12,121

16,028

16,712

China

16,620

12,282

13,376

11,407

16,084

17,087

18,939

18,136

18,945

12,619

Norway

8,930

8,000

11,863

5,333

10,030

9,728

5,367

6,013

8,566

9,348

Denmark

1,344

2,865

3,263

2,417

3,125

3,563

3,387

5,417

4,387

4,687

Russia

3,636

3,470

11,808

12,422

10,064

9,493

6,196

10,437

8,205

4,644

Vietnam

2,879

3,457

3,032

3,617

4,315

4,898

5,065

6,680

6,274

3,816

Poland

2,751

2,384

3,832

3,130

2,605

2,580

2,333

3,394

3,389

2,513

U.S

1,236

1,586

2,309

2,023

1,480

1,389

1,781

1,854

819

2,419

Faroe Islands

5,476

2,307

4,991

2,749

3,799

7,519

5,189

10,639

2,576

2,082

Germany

6,722

1,850

5,283

6,001

5,761

7,641

3,944

2,292

9,146

1,501

Canada

703

596

56

149

48

-

167

453

581

1,019

Ireland

106

200

228

294

385

402

357

311

228

436

Lithuania

495

108

334

367

184

146

-

300

432

286

South Africa

936

827

217

115

675

865

1,153

-

312

245

World

63.374

45,100

77,424

74,650

76,610

79,918

70,131

80,132

82,310

63,057

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