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
Worldwide
Jun 15, 05:00 (GMT + 9):
Market situation for fishmeal and fish oil week 22
United Kingdom
Jun 15, 03:20 (GMT + 9):
Stirling University to co-lead study to tackle Pangasius bacterial diseases
Iceland
Jun 15, 03:00 (GMT + 9):
Fish landings drop 13 percent in May
Viet Nam
Jun 15, 00:20 (GMT + 9):
Pangasius industry faces production and export challenges
Chile
Jun 14, 23:40 (GMT + 9):
Chinese group raises offer for Australis Seafoods to USD 921 million
Chile
Jun 14, 22:00 (GMT + 9):
IFOP modernizes oceanographic monitoring website
Argentina
Jun 14, 21:30 (GMT + 9):
Opening of shrimp fishery allowed in national waters
Worldwide
Jun 14, 18:00 (GMT + 9):
Oceana uses tech to identify illegal fishing and human rights abuses at sea
Norway
Jun 14, 17:30 (GMT + 9):
Mowi offers the new Salmon Farming Industry Handbook 2019
Spain
Jun 14, 05:00 (GMT + 9):
Seafood exports maintain upward trend in 2018
European Union
Jun 14, 04:20 (GMT + 9):
Council greenlights new technical and conservation measures in fisheries
Thailand
Jun 14, 01:40 (GMT + 9):
Thai Union completes trial of Corbion algae feed ingredient on shrimp
Australia
Jun 14, 00:50 (GMT + 9):
Spanish flagged vessels acussed of jeopardizing toothfish stocks
Norway
Jun 13, 20:40 (GMT + 9):
Fish Pool Salmon Price Status Report for week 24
United States
Jun 13, 19:00 (GMT + 9):
IN BRIEF - NFI, SIRF partner on seafood blockchain pilot with IBM



Lenguaje
FEATURED EVENTS
  
TOP STORIES
‘Dead Zone’ in the Gulf of Mexico forecast to be the second largest on record
United States A recent forecast of the size of the “Dead Zone” in the northern Gulf of Mexico for late July 2019 reports that it will cover 8,717-square-miles of the bottom of the continental shelf off Louisiana and Texas,
IPNLF urges IOTC to take action on yellowfin tuna
United Kingdom IPNLF presses for a rebuilding plan for yellowfin tuna, the faster development of harvest strategies, a more equitable catch allocation process, stronger FAD management, and improved monitoring and data collection ahead of this year’s Annual Session of the IOTC in India.
Calvo will pay EUR 9.7 million to the Treasury for tariff fraud on imports of tuna
Spain The cannery imported tuna products from its plant in El Salvador under the tariff reductions applied by the EU to the products of this Central American country An investigation ...
FIP BLUES approves its Action Plan for the next five years
European Union FIP BLUES, the first global fisheries improvement project that includes the shark, together with swordfish, approved yesterday in Vigo its road map for the next five years. This Action Plan comprises ...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
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.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
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
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Marona S.A.
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
Mitsubishi Corporation Marine Products Depts. D.Team
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
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
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
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER