Tridge summary
In the first half of March 2024, the UK imported nearly $3 million worth of pangasius from Vietnam, with cumulative exports to the UK reaching $12 million, a 3% decrease from the previous year. However, UK purchases of pangasius from Vietnam earlier in the year increased by 19% from January 2023 and 17% from January 2022. Despite a 16% decrease in February 2024, pangasius exports to the UK still saw a 1.5 times increase compared to the same month in 2022. The UK's top whitefish supplier is China, followed by Vietnam in 7th place, with exports mainly being pangasius products. The UK's pangasius demand remains steady, with exports showing promising outcomes in 2022 and 2023, despite a decline in imports in many countries in 2023. The UK is particularly concerned with environmentally friendly and sustainable products, leading to laws and regulations for imported products to meet these standards.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year. More than $5 million worth of pangasius was bought by this nation from Vietnam earlier this year, an increase of 19% from January 2023 and 17% from January 2022. Vietnam's pangasius exports to the UK fell by 16% to about $4 million in February 2024, perhaps as a result of the Tet vacation coincided in the same month. Nevertheless, compared to the same month in 2022—the year that pangasius exports hit a record high—this number is still 1.5 times larger. ITC data indicates that in January 2024, the UK imported 15,000 tons of whitefish worth USD 87 million from around the globe. Comparing this to January 2023, there has been a 12% decline in value and a 9% fall in volume. Just 8% of the world's total ...
Source: Vasep
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