Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


In May 2015, the UK surpassed Germany to become Vietnam's largest shrimp importing market in the EU

The largest shrimp supplier to the UK

Click on the flag for more information about Viet Nam VIET NAM
Friday, May 24, 2019, 11:10 (GMT + 9)

Vietnam shrimp exports to the UK have always achieved positive growth rates since 2012 as the UK has promoted importing warmwater shrimp as an affordable product that can replace coldwater shrimp. The price of coldwater shrimp is increasing due to the fact that the main supplying countries continuously cut their quotas which resulting in a drop in production. Sales of warmwater shrimp in British supermarkets and retail channels continued to increase while sales of coldwater shrimp decreased.

UK was the third largest importer of shrimp in the EU after Spain and France. Unlike Spain that importing shrimps for domestic consumption and processing for export to intra-regional countries, UK imported shrimp for domestic consumption only.

Harvesting shrimp in a growing center (Photo: Stockfile)

In the last 4 years, UK was a remarkable market for many Vietnamese enterprises. From 2014 up to now, the UK has always been in the 1st and 2nd position for importing Vietnamese shrimp. From 2014 to 2017, Vietnam shrimp exports to the UK continued to grow from US$114.6 million in 2014 to US$210.6 million in 2017, an increase of nearly 84%.

In the EU, the UK was the largest shrimp importer of Vietnam, accounting for nearly 36% of total shrimp exports of Vietnam to EU and accounting for 6.8% of total Vietnam shrimp exports to all markets. In the fourth quarter of 2018, shrimp export to the UK dropped by 14% to US$62.6 million due to the impact of Brexit event in the UK. This event partly disturbs the situation of import and export of goods and demand for seafood consumption in the UK. However, in 2018, Vietnam shrimp exports to the UK still increased positively to US$238.4 million.

         

Vietnam has many opportunities to increase white-leg shrimp exports to the EU - Source: vasep.com.vn

In January 2019, Vietnam shrimp export to the UK reached over US$16 million, down 4.1% compared to the same period in 2018.

In 2018, British shrimp imports reached US$827.2 million, a decrease of 0.1% compared to 2017. Vietnam was the largest shrimp supplier to the UK, accounting for 26.4% of the total value of British shrimp imports, followed by India at 15.1%. Among the main shrimp suppliers to this market, shrimp imports from Vietnam, Denmark and Iceland went up while imports from India, Canada and Bangladesh fell compared to 2017.

Manual processing line to peel shrimp (Photo: Stockfile)

It can be said that UK was a remarkable market of Vietnamese shrimp exporters in the EU because exporting enterprises to this market are entitled to GSP tax incentives, similar to the general provisions in exporting to the EU. Processed shrimp products originating from Vietnam in the UK market have a higher advantage in price and quality compared to those of India and Bangladesh. Fresh and frozen white leg shrimp size 13/15, 16/20 exports from Vietnam to the UK cost from US$6.67 to US$8.73 /kg.

Because the UK is a highly competitive market from rival suppliers, enterprises need to understand the market to make products suitable to consumers' tastes here. In order to succeed in the UK market, enterprises need to provide products with good prices with consistent supplies and the ability to improve product development to keep up the tastes of people.

Source: VASEP

[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
European Union
Jul 13, 07:00 (GMT + 9):
WWF Press Release: Illegal fishing of sharks and rays caught on camera in the Mediterranean
Spain
Jul 13, 06:00 (GMT + 9):
Government is putting out to tender for 22 million euros the new Ondarroa fish market
Argentina
Jul 13, 02:00 (GMT + 9):
Only bad weather stops the fishing fleet
Finland
Jul 13, 00:50 (GMT + 9):
Wärtsilä Expands Predictive Maintenance Options: Now Supports 2-Stroke Engines
United States
Jul 13, 00:00 (GMT + 9):
Total catch BSAI-GOA │ POP │week 26
United States
Jul 13, 00:00 (GMT + 9):
DAP at BSAI-GOA | Atka Mackerel, Dusky Sole, Yellowfin Sole and Pacific Cod | week 26
Ecuador
Jul 12, 16:00 (GMT + 9):
Ecuador says shrimp exports comply with biosecurity protocol
China
Jul 12, 15:00 (GMT + 9):
China suspends imports of Ecuador shrimp on coronavirus risk
Chile
Jul 11, 17:00 (GMT + 9):
Small-scale aquaculture, the focus of interest of IFOP researchers
China
Jul 11, 11:10 (GMT + 9):
Statistics │ Import and Export │Crab products by country │ 2019-20
China
Jul 11, 11:00 (GMT + 9):
Statistics │ Import and export │ Fish roes by country │ 2019-20
Japan
Jul 11, 11:00 (GMT + 9):
Landing and auction price for 'common squid' | Todarodes pacificus | 2018-19-20
United States
Jul 11, 00:00 (GMT + 9):
Export│Pacific cod (NMFS)│Volumes and prices: Japan, Korea and China | 2018-19-20
United States
Jul 11, 00:00 (GMT + 9):
Export│Frozen Atka Mackerel│Vomunes and prices: Japan, Korea and China | 2018-19-20
South Korea
Jul 10, 17:30 (GMT + 9):
Dongwon Group signs MOU with National Fisheries Research and Development Institute to develop 'fisheries industry'



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Dorset Fisherman buoyed by Waitrose support
United Kingdom Waitrose has become the first major UK supermarket chain to sell MSC certified British clams, which are now on sale at counters across 150 of its stores, with sustainable British cockles due to en...
Chinese Fishing Trawlers Cleaning Out The Persian Gulf, Iran Daily Reports
Iran Under the cover of night, Chinese vessels are illegally cleaning out fish resources in the Persian Gulf, a pro-reform Iranian daily, Sharq (Orient) disclosed on Wednesday, July 8. Meanwhile, Iranian ...
Urgent right now TC debates inapplicability of the giant squid Law
Chile Embarked Workers require the inapplicability due to unconstitutionality of the giant squid Law The Embarked Workers of the Industrial Fishing Sector represented by four unions based in Talcahuano p...
Jack mackerel resource increases in the Peruvian sea (video)
Peru Specialists agreed on this statement at the Marine Sustainability Conference, organized by the National Fisheries Society, where the habitat and conditions of this resource were discussed. Lima - P...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER