Pangasius exports to UK increase sharply

Pangasius exports to UK increase sharply

Pangasius exports to the UK hit US$46.6 million in 2015, an increase of 13.9 percent against 2014. The market accounted for 3 percent of total pangasius export turnover.

This was the highest growth rate among markets importing Vietnamese pangasius. The UK ranks third among importers of Vietnamese pangasiusin the European Union (EU), after the Netherlands and Spain .

According to statistics from ITC, the average import price of pangasius and other catfish in the UK was between $3.11 and 3.82 per kilogramme, higher than in other EU markets, such as Germany, Belgium, Finland and France. Pangasius exports to the EU reached US$285 million, drop of 17.2% compare to 2014.

Vietnam earned US$6.56 billion from seafood exports last year. Of the figure, pangasius was one of the main earners with a value of US$1.56 billion, accounting 23.8% of total seafood exports.