Global cold water shrimp production rose slightly in 2021, but market tariffs and trade barriers affected China's imports. Since 2022, the Russia-Ukraine war has also led to the loss of two large markets of Russia and Ukraine for European and American exporters. about 30,000 tons of cold water shrimp products need to be resought for new buyers. 
 
The global cold water shrimp production was 282 thousand tonnes in 2021, up 2.5% year on year, all producing countries had increased production except Russia's, according to data from Geabaseafood consulting, a European seafood consultancy. 
 
Since 2018, cold water shrimp production has been increasing year by year, with a cumulative increase of 10%. In 2021, the yield of unshelled shrimp grew to 5.12 million tons, and the yield of cooked frozen shelled shrimp fell slightly to 1.91 million tons (generally, cooked shrimp weight is only one third of the of the raw shrimp). 
 
Gemba analyst Kasper Teilmann said that after the Brexit, there had been no trade agreement with Greenland, changes in the global trade landscape, more Canadian and Icelandic products went to the UK market, which continued into 2022. 
 
In 2021, the Chinese restaurant industry is still trapped in the outbreak, and cold water shrimp imports have fallen sharply, decreased by 10% to 20, 876 tons from Canada, decreased by 17% from Denmark to 18, 455 tons. 

In 2021, Russia imported 16,884 tons of cold water from Denmark, almost doubled compared to last year, mainly because of a decline in Russian production, teilmann said. Ukraine also imported about 10,000 tons of cold water shrimp. After the war, imports were disrupted and European exporters needed to find new markets for the 27,000 tons of products. Although Ukraine's imports are beginning to recover, the number is far from reaching pre-war levels.