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.
(seafood.vasep.com.vn) Sao Ta (FMC - HoSE), a key subsidiary of PAN Group, has announced impressive business results for February. The company's shrimp production reached 1,913 tons, a 106% increase compared to the same period last year, while agricultural product production reached 67 tons, up 6%.
(seafood.vasep.com.vn) The tuna export market of Vietnam in the first month of 2025 has seen notable fluctuations. Exports to most major markets have decreased compared to the same period in 2024.
The Seafood Expo Global is the largest seafood industry event in the world, truly becoming a professional playground and a strong foundation for connecting the international seafood community. The Seafood Expo Global (SEG) 2025 will take place from May 6 to May 8, 2025 in Barcelona, promising to be an important platform for the global seafood community to meet, trade, and seek business opportunities in seafood industry.
(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnam’s pangasius exports in January 2025 reached over USD 133 million, marking a 19% decline compared to the same period last year. Notably, the ranking of the top pangasius import markets saw significant adjustments.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
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