In the UK market, Vietnam shrimps have to compete fiercely with those from India in terms of prices. In recent years, India has increased its market shares in the EU markets, especially the UK. Shrimp exports to the UK in June are estimated to dip slightly due to fluctuation in exchange rates.
Thus, shrimp exports began going down in June after enjoying a quite high growth early this year.
The VASEP reported that in the first five months of this year, shrimp exports to the UK rose 21.6% to US$44 million to meet the market’s high demand for warmwater shrimps as supplies of coldwater shrimps decreased and their prices increased.
This is the first time in the last three years that the export revenue of warmwater shrimp is higher than that of coldwater shrimp.