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) 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.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.
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