Is it difficult for Vietnamese agricultural products and specialty fruits to penetrate big supermarkets in the UK?

Published 2021년 11월 1일

Tridge summary

The UK is a demanding market for quality agricultural products, having imported over 5.7 million tons of vegetables and fruits worth nearly 6.4 billion pounds in 2020. Despite some Vietnamese fruits like longan, lychee, dragon fruit, pomelo, and rambutan being available in London supermarkets, they face high retail prices due to high air freight costs. Vietnamese businesses aim to meet the UK's strict standards, including Global GAP and HCCP, to compete with suppliers from other countries and increase their market share. The free trade agreement between Vietnam and the UK (UKVFTA), effective since December 2020, is expected to provide Vietnamese agricultural products with a competitive edge in the UK market, provided they meet the necessary quality and consumer taste requirements.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Trade Office in the United Kingdom of Great Britain and Northern Ireland, the UK is a large but fastidious market with high requirements for quality agricultural products. To be able to access this high-end market, Vietnamese enterprises must first meet many very strict standards. The UK is a large but fastidious market with high requirements for the quality of agricultural products. Source: Vietnam Trade Office in the United Kingdom of Great Britain and Northern Ireland. In 2020, the UK imported more than 5.7 million tons of vegetables and fruits worth nearly 6.4 billion pounds (about 9 billion dollars). In which, vegetables and fruits from Vietnam were worth nearly 11.6 million USD, accounting for 0.18% market share. Imports of fruit during the same period reached 3.6 million tons with a value of 3.9 billion pounds (about 5.4 billion USD). Leading the way is bananas (accounting for 29.5% of total fruit imports) mainly from Colombia and Costa Rica. Next ...

Source: Vinacas