Ice Cream Price per Ton June 2022

U.S. Ice Cream Import Price per Ton June 2022

In June 2022, the ice cream price per ton amounted to $3,412 (CIF, US), surging by 12% against the previous month. Over the period under review, the import price, however, showed a perceptible contraction. Over the period under review, average import prices reached the peak figure at $4,207 per ton in January 2022; however, from February 2022 to June 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was South Africa ($6,031 per ton), while the price for Mexico ($842 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced a decline.

U.S. Ice Cream Imports

Ice cream imports into the United States shrank to 9.8K tons in June 2022, waning by -7.7% on the previous month. In general, total imports indicated a resilient expansion from January 2022 to June 2022: its volume increased at an average monthly rate of +10.8% over the last five-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, imports increased by +66.8% against January 2022 indices. The growth pace was the most rapid in March 2022 with an increase of 55% m-o-m. Over the period under review, imports attained the peak figure at 11K tons in May 2022, and then reduced in the following month.

In value terms, ice cream imports reached $34M (IndexBox estimates) in June 2022. The total import value increased at an average monthly rate of +6.2% over the period from January 2022 to June 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth was the most pronounced in March 2022 when imports increased by 50% m-o-m. As a result, imports reached the peak of $38M. From April 2022 to June 2022, the growth of imports failed to regain momentum.

U.S. Ice Cream Imports by Country

Mexico (1.7K tons), Italy (1.5K tons) and Brazil (1.3K tons) were the main suppliers of ice cream imports to the United States, with a combined 45% share of total imports. South Korea, the Netherlands, South Africa, Canada and Turkey lagged somewhat behind, together accounting for a further 37%.

From January 2022 to June 2022, the biggest increases were in the Netherlands (with a CAGR of +189.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ice cream suppliers to the United States were Italy ($6M), South Africa ($4.9M) and Brazil ($3.8M), with a combined 44% share of total imports. These countries were followed by the Netherlands, South Korea, Canada, Turkey and Mexico, which together accounted for a further 33%.

In terms of the main suppliers, the Netherlands, with a CAGR of +179.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform