Positive outlook ahead for local seafood exports to UK
VOV.VN - Vietnamese seafood exports to the UK market are forecast to maintain their double-digit growth over the coming months due to rising demand, according to details given by the Vietnam Association of Seafood Exporters and Producers (VASEP).
Statistics compiled by the General Department of Vietnam Customs indicate that the nation’s seafood exports to the UK market, the country’s fifth largest single tuna export market, during the opening two months of the year surged by 37% to reach nearly US$44 million compared to the same period last year.
In terms of the figure, shrimp products soared by 55% to reach US$33.5 million, accounting for 76% of the total, while black tiger shrimp products also increased dramatically, representing a six-fold increase against last year’s corresponding period.
The primary reason is that some retailers in the UK, such as Asda and Morrisons, are removing Russian fish products from their shelves, while simultaneously seeking alternative sources.
Most notably, along with a fuel price hike and a shortage of empty containers, the Russia-Ukraine conflict has caused logistics costs for seafood exports to escalate, all of which are anticipated to impact the export activities and profits of local firms.
