There is plenty of room for Vietnam to export pangasius to the UK market

Published 2022년 11월 21일

Tridge summary

Vietnam saw a 3% increase in seafood exports to the UK in the first October, totaling nearly 272 million USD, with vannamei shrimp and pangasius being the primary exports. Despite a 9% decrease in whiteleg shrimp exports, pangasius exports experienced a growth of nearly 32%, with October exports to the UK surging by 60%, reaching 4.7 million. Pangasius accounted for 2.5% of Vietnam's total pangasius exports in the first 10 months of the year, with frozen pangasius fillets being the majority. The UK, struggling with inflation and economic challenges, is experiencing a cost-of-living crisis, leading to a shift towards cheaper food products. Pangasius, being a relatively inexpensive seafood option, is expected to find favor in the market, especially with the benefits of the UK-Vietnam Free Trade Agreement.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of October 2022, the UK imported seafood from Vietnam with a value of nearly 272 million USD, a slight increase of 3% compared to the same period last year. period 2021. Nearly 60% of export turnover to the UK is from vannamei shrimp, pangasius accounts for 20%, followed by black tiger shrimp, tuna, cod, squid and other seafood products. While whiteleg shrimp exports to the UK decreased by 9%, pangasius still maintained a growth rate of nearly 32% over the same period in 2021. Particularly for pangasius, in October 2022, exports to the UK still maintained a growth momentum of 60%, reaching $4.7 million. Accumulated in the first 10 months of the year, pangasius exports to this market brought in 54.7 million USD, accounting for 2.5% of Vietnam's total pangasius exports. In which, frozen pangasius fillets (HS code 0304) accounted for 90% of the total export value of this species, reaching over ...

Source: Haiquanonline