Vietnamese shrimp exports to the UK maintains market share
Recent years has seen the country become the largest shrimp provider to the UK, accounting for 24% of their total shrimp import value.
Since the beginning of the year, shrimp exports to the fastidious market have witnessed a number of positive developments, with June seeing the highest level of export growth at 54% in comparison to June of last year.
At present, the UK is the sixth largest importer of Vietnamese shrimp, making up 6.5% of the country’s total shrimp export value.
Throughout the 2015 to 2019 period, domestic shrimp exports to the UK market enjoyed constant growth, rising from approximately US$130 million in 2015 to US$202.5 million in 2019, representing an increase of 56%.
Most notably, key shrimp exports to the UK market include frozen white-leg shrimp, boiled white-leg shrimp, in addition to breaded tempura white leg shrimp.
Moving forward, Vietnamese shrimp exports to this market during the remainder of the year are expected to benefit from tax incentives, similar to other export items being shipped to the EU.
Furthermore, processed shrimp products from the nation enjoy greater advantages in the UK market with regard to their selling price and quality when compared to those from India and Bangladesh.
Local businesses have been urged to provide high-quality products that come up to environmental standards set by UK importers, while striving to strengthen their capability to supply stable source of goods in an effort to meet the tastes of consumers in this demanding market.
Related News
Coconut is expected to become a billion-dollar export item
16:40 | 01/11/2024 Import-Export
Plastic exporters interested in converting to recycling technology
16:36 | 01/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Latest News
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
More News
Lao Cai Customs sees a triple-digit surge in export-import turnover
10:37 | 02/11/2024 Import-Export
Logistics sector must embrace innovative trends to stay competitive
16:34 | 01/11/2024 Import-Export
Vietnam’s agro-forestry-aquatic product exports likely to set new record
16:32 | 01/11/2024 Import-Export
UKVFTA greatly benefits Vietnam-UK trade: Experts
14:19 | 31/10/2024 Import-Export
Agricultural exports likely to exceed 60 billion USD amid challenges
14:18 | 31/10/2024 Import-Export
Vietnam-Philippines trade likely to exceed 8 billion USD for first time
14:17 | 31/10/2024 Import-Export
A bitter nut's surprisingly sweet export success
09:32 | 31/10/2024 Import-Export
Vietnam's daily import expenditure surpasses VND25,000 billion
09:30 | 31/10/2024 Import-Export
Opportunities for accelerating Vietnam's seafood exports
09:27 | 31/10/2024 Import-Export
Your care
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export