Vietnamese shrimp continues to dominate the UK market

Published 2020년 11월 25일

Tridge summary

Vietnam's shrimp exports to the UK have seen a positive growth of 15% up to September 15, 2020, reaching $161.2 million, despite the Covid-19 pandemic. The UK is now the sixth largest market for Vietnamese shrimp, accounting for 6.5% of the total shrimp export value of Vietnam. The UK's preference is for warm-water shrimp, which makes up 61% of total shrimp sales in the retail segment. Vietnam remains the largest supplier of shrimp to the UK, contributing 24% to the country's total shrimp imports, followed by India and Thailand. Vietnamese processed shrimp products enjoy a higher selling price and quality in the UK market compared to those of India and Bangladesh.

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

Original content

(seafood.vasep.com.vn) Vietnam shrimp exports to the UK as of September 15, 2020 reached $161.2 million, up 15% over the same period in 2019. The UK is also considered one of the import markets of Vietnamese shrimp that perform well and seem to is not affected much by the Covid-19 epidemic since the beginning of the year until now. 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, ...

Source: Vasep