In May 2015, the UK surpassed Germany to become Vietnam's largest shrimp importing market in the EU. In August 2015, the UK accounted for 4.7% of the Vietnam’s total shrimp exports while the proportion to Germany was 3.1%. Through August, the proportion to the UK made up 4% while Germany took 3.9%.
The UK was the only market in the EU to report the positive growth of 24.4% in Jan-Aug 2015.
Statistics of Vietnam Customs showed that in August 2015, Vietnam shrimp exports to the UK worth US$12.7 million, up 7% from the previous month but down 15.4% from the same period of 2014. In Jan-Aug 2015, shrimp sales to the market hit US$72.4 million, up 24.4% year on year, which is the highest growth among Vietnam's top 8 shrimp importing markets. Vietnam shrimp exports to the UK has been increasing since February.
Shrimp imports into the UK have been growing in the past 5 years, except for the drop of 11% in 2012. According to International Trade Center (ITC), in Jan-Jul 2015, shrimp imports into the UK touched US$ 481.5 million, down 1.6% year on year due to price rises led by economic crisis and the depreciation of EUR against USD.
Between January and July 2015, Vietnam was the third largest supplier of shrimp to the UK, just behind Canada and India, representing nearly 11% out of total shrimp imports into the UK.
Among top 10 largest shrimp suppliers to the UK, shrimp imports from Vietnam experienced the highest year-on-year surge of 48.4%, followed by Canada, the largest source to the UK which was 47.4%.
Meanwhile, shrimp imports from India, Thailand, Indonesia dropped by 20%, 38% and 7%, respectively. Shrimp imports from India fell due to lower production and higher price. Imports from Thailand went downward as shrimp export duty to EU got higher. EU's generalized scheme of preferences (GSP) came to an end in 2014 and tax on processed shrimp from Thailand increased to 20%. From January 2015, tax on raw shrimp increased to 12% from the previous 4%.
The market share of warmwater in the UK is increasingly high. The product is often consumed for making sandwiches and salad.
100/200 count farmed vannamei is the safest substitute coldwater shrimp. In mid-June 2015, demand for small-sized warmwater shrimp rose as prices for coldwater shrimp were high at GBP 8/ kg.
With the advantage in producing value added products, Vietnam shrimp exporters have opportunities for raising its market share in the UK because the market is in high demand for ready-to-eat shrimp, cooked shrimp and finger food.
Shrimp exports to EU in general and the UK in particular in the last months of the year are expected to rise, but the reusults can be quite modest.
|
Top 10 shrimp suppliers to the UK (Value: US$ thousand, Source: ITC) |
|||
|
Supply |
Jan-Jul 2014 |
Jan-Jul 2015 |
Variations (%) |
|
The world |
489,507 |
481,520 |
-1.6 |
|
Canada |
63,370 |
93,418 |
47.4 |
|
India |
75,519 |
60,453 |
-19.9 |
|
Vietnam |
35,110 |
52,116 |
48.4 |
|
Bangladesh |
60,580 |
50,077 |
-17.3 |
|
Thailand |
63,447 |
39,293 |
-38.1 |
|
Indonesia |
36,710 |
34,161 |
-6.9 |
|
Denmark |
34,545 |
29,494 |
-14.6 |
|
Iceland |
28,042 |
20,361 |
-27.4 |
|
Honduras |
13,967 |
18,173 |
30.1 |
|
China |
13,576 |
14,339 |
5.6 |
(seafood.vasep.com.vn) By the end of 2025, Vietnam’s seafood industry had left a strong mark with export turnover reaching nearly $11.3 billion, up 12.4% year-on-year. This robust performance reflects not only a rebound in global consumption demand but also the agile adaptation of domestic firms in navigating increasingly stringent trade barriers.
(seafood.vasep.com.vn) According to the 2025 review and 2026 outlook conference held by the Directorate of Fisheries and Fisheries Surveillance on the afternoon of January 7, Vietnam’s seafood sector has set a total production target of over 10 million tons in 2026, representing a 0.6% increase year-on-year. Of this total, capture fisheries are projected at around 3.75 million tons (down 2.1%), while aquaculture output is expected to reach 6.25 million tonnes (up 2.2%) compared with 2025.
(seafood.vasep.com.vn) Sao Ta Food JSC (Fimex, Ticker: FMC) has announced its 2025 business results, reporting revenue of over $300 million (approximately 7.8 trillion VND), representing a 19.8% increase year-on-year; projected profit is expected to reach approximately 420 billion VND.
(seafood.vasep.com.vn) Vietnam’s fisheries sector concluded 2025 with landmark achievements: export turnover reached a record high, despite heightened volatility in global trade and increasingly stringent barriers from major markets, most notably the United States. Amid a mix of opportunities and challenges, the fisheries sector also witnessed important policy shifts. Together, these developments form a multifaceted picture of an industry proactively adapting and restructuring toward a trajectory of sustainable development.
(seafoos.vasep.com.vn) According to the Department of Agriculture and Environment of Vinh Long, the province’s shrimp farming area reached 69,800 hectares in 2025, including 7,500 hectares under high-tech farming models, 18,820 tons of black tiger shrimp and 293,000 tons of whiteleg shrimp.
(seafood.vasep.com.vn) Building on a robust growth momentum in 2025, Nghe An province has set a strategic goal to reach a total fisheries output of 270,000 tons by 2026, reinforcing its position as a key hub for aquaculture and exploitation.
(seafood.vasep.com.vn) Can Tho City statistics indicate that in 2025, following the merger of three former administrative entities - Can Tho, Hau Giang and Soc Trang - fisheries output in 2025 increased by 6.23% compared with 2024 with aquaculture production nearly 9.1 times higher than capture fisheries.
(seafood.vasep.com.vn) According to the Ca Mau Department of Agriculture and Rural Development, Ca Mau province has achieved significant, comprehensive and substantive progress in combating IUU fishing in 2025, successfully fulfilling all tasks directed by the central government and strengthening fisheries governance. These efforts have established a solid foundation for the nationwide effort to lift the EC’s "yellow card" warning.
(seafood.vasep.com.vn) Ca Mau has exceeded its 2025 production targets, reaching nearly 595,000 tons of shrimp. This milestone reinforces the province’s position as Vietnam’s leading shrimp producer and a bright spot in the country’s seafood sector.
(seafood.vasep.com.vn) According to Vietnam Customs data, cumulative shrimp exports from the beginning of the year through November reached $4.3 billion, up 21% year-on-year, continuing to serve as the primary growth driver of the entire seafood sector. In November alone, export turnover amounted to $393 million, up 14%.
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