In 2016, the UK was the leading buyer of Vietnam shrimp in the EU. After the strong growth throughout 2015 and the first three quarters of 2016, Vietnam’s shrimp exports to the country in QIV/2016 fell by 3.9%. Thanks to the good growth in the first three quarters of this year, total shrimp exports to the market showed a year-on-year rise of 4.2%.
In 2017, Vietnam’s shrimp exports to the market rose in January but declining in February and March. In April and May, exports increased sharply by 62% and 150%, respectively, from the same period of 2016. In the first five months of this year, Vietnam shrimp exports to the UK valued at nearly US$59 million, an increase of 34% year on year.
In Jan-May 2017, the UK boosted imports of warm-water shrimp instead of cold-water shrimp thanks to reasonable prices, which drove the growth in Vietnam’s shrimp exports to the market. The price of cold-water shrimp was on the upward trend due to the cut in its quotas of countries.
According to the International Trade Centre (ITC), in 2016, shrimp imports into the UK reached US$871.4 million, down 4% from 2015. Out of top largest suppliers (India, Vietnam and Canada), imports of warm-water shrimp into the UK from India and Vietnam increased by 21% and 13%, respectively, while those of cold-water shrimp from Canada plummeted by 51%.
In the first four months of this year, the UK’s shrimp imports totaled US$233 million, down nearly 12% over the same period in 2016. This was driven by Brexit, which led to the pound's depreciation and a rise in import prices.
This year, Vietnam’s shrimp exports to the UK expected to continue the growth thanks to the high demand for warm-water shrimp.
|
Shrimp imports into the UK (Thousand US$, ITC) |
||||||
|
Suppliers |
2015 |
2016 |
Variation (%) |
Jan-Apr 2016 |
Jan-Apr 2017 |
Variation (%) |
|
World |
907,092 |
871,365 |
-3.9 |
264,341 |
233,013 |
-11.9 |
|
India |
109,120 |
131,548 |
20.6 |
37,568 |
34,808 |
-7.3 |
|
Vietnam |
115,039 |
129,765 |
12.8 |
40,597 |
35,488 |
-12.6 |
|
Bangladesh |
85,569 |
84,742 |
-1.0 |
36,098 |
32,635 |
-9.6 |
|
Canada |
177,324 |
86,303 |
-51.3 |
27,943 |
18,437 |
-34.0 |
|
Thailand |
59,290 |
64,820 |
9.3 |
18,795 |
15,387 |
-18.1 |
|
Indonesia |
55,672 |
53,512 |
-3.9 |
25,394 |
13,306 |
-47.6 |
(seafood.vasep.com.vn) In recent years, the US has consistently been Vietnam’s largest seafood export market. Over the past five years, seafood export turnover to the US has ranged from 1.5 billion USD to 2.1 billion USD anually. Despite facing strict protective policies such as anti-dumping and countervailing duties, U.S. market demand remains high, and the quality of Vietnamese seafood continues to improve, helping to maintain and expand its position in this market.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
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