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Nielsen: Shrimp prices rise, but volumes sink at UK retail

The UK shrimp market is stagnant, but Tesco controls nearly a quarter of total sales.

The UK shrimp market is in a period of stagnation, and it remains unclear whether the market can be expanded.

Higher prices pulled down the overall volume of shrimp sales in the UK market during the 52-week period ending Oct. 6, 2018, according to newly released data from market research firm Nielsen.

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The overall value of shrimp sales slightly exceeded £446 million (€501.8 million/$585.8 million), a rise of 0.8 percent over the same period a year before.

The overall volume of shrimp sold during the 52-week period ending Oct. 6, 2018, however, slipped 1.7 percent to 31,408 metric tons. The price per kilo during the period rose 2.5 percent to £14.21 (€16/$18.60).

Chilly times for coldwater sales

Sales of coldwater shrimp continued to contract, while sales of warmwater shrimp continued to grow.

Sales of coldwater shrimp during the 52-week period slipped 3.2 percent to £168.1 million (€191.4 million/$218.2 million) and volumes fell 5.4 percent to 12,640 metric tons.

Meanwhile, sales of warmwater shrimp rose 3.4 percent to £278.2 million (€316.8 million/$361.4 million), while volume sales remained flat at 18,778 metric tons.

Based on volume, sales of warmwater shrimp accounted for just under 60 percent of shrimp sales at UK retail.

Sales of chilled shrimp items dominated the category, accounting for over 70 percent of total sales value during the 52-week period.

Tesco reigns supreme

When it comes to which UK retailer sells the most shrimp, Tesco still tops the charts.

During the 52-week period ending Oct. 6, 2018, Tesco enjoyed a 24.6 percent market share of retail shrimp sales: a 22.3 percent share of the coldwater shrimp retail market and 26.3 percent share of warmwater retail sales.

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