Except for January, the export value decreased, in the remaining months since the beginning of the year until now, Vietnam's shrimp exports to the UK have achieved positive growth. In June this year, shrimp exports to the UK achieved the highest growth rate of 54% compared to June in 2019.
In 2019, when still in the EU, the UK was the largest shrimp importer of Vietnam in the EU, accounting for 29% of the total value of Vietnamese shrimp exports to the EU and accounting for 6% of the total shrimp export value of Vietnam. After the Brexit event, from February 2020 onwards, the UK became the single market and ranked the 6th in Vietnamese shrimp imports, accounting for 6.5% of the total shrimp export value of Vietnam.
In the past 5 years, the UK was a remarkable market for many Vietnamese enterprises. From 2015 to 2019, the UK was always in the 1st and 2nd position in terms of Vietnamese shrimp imports in the EU. In the period from 2014 to 2019, Vietnam's shrimp exports to the UK grew continuously, from nearly US$ 130 million in 2015 to US$ 202.5 million in 2019, up 56%.
The UK mainly imports from Vietnam shrimp products such as frozen PD fresh whiteleg shrimp, frozen fresh whiteleg shrimp, frozen fresh whiteleg shrimp skewers, frozen PDTO whiteleg shrimp, frozen fresh whiteleg shrimp head on (HLSO), frozen fresh whiteleg shrimp (nobashi), frozen boiled whiteleg shrimp, PTO boiled whiteleg shrimp with soy sauce, frozen fried breaded whiteleg shrimp, frozen boiled whiteleg shrimp…
The UK tends to boost imports of warm-water shrimp from Vietnam, India ... to substitute cold-water shrimp (imported from Greenland and Eastern Canada) since reducing exploitation quota and increasing the price.
In the UK retail segment, warm-water shrimp is the most popular, accounting for 61% of total shrimp sales (34% of which is sold in the frozen sector). Cold-water shrimp accounts for 37% (of which 39% is sold in the frozen sector).
Shrimp of all kinds in the UK is sold through the fast-service restaurant channel (accounting for 45% of total sales); 26% is sold in service restaurants; 13% is sold in pubs, 11% is served in tourism and entertainment services and 5% is served for offices and universities.
The UK increasingly prefer marinated shrimp (steamed or frozen), sushi shrimp. Busy people often like steamed shrimp, peeled, processed in the form of added value.
Over the years, Vietnam has remained the largest shrimp supplier to the UK, accounting for 24% of the UK's total shrimp imports, followed by India and Thailand.
Vietnam shrimp exports to the UK from now until the end of the year still enjoy the same tax incentives as exporting to other markets in the EU. Processed shrimp products originating from Vietnam in the UK market are having a higher advantage in selling price and quality than those of India and Bangladesh.
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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