Northern America: Ice Cream Market 2024

Ice Cream Market Size in Northern America

The North American ice cream market stood at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Ice Cream Production in Northern America

In value terms, ice cream production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ice Cream Exports

Exports in Northern America

In 2022, shipments abroad of ice cream increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, ice cream exports expanded modestly to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States represented the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Canada (X tons), achieving a X% share of total exports.

The United States was also the fastest-growing in terms of the ice cream exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest ice cream supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Ice Cream Imports

Imports in Northern America

In 2022, after five years of growth, there was decline in supplies from abroad of ice cream, when their volume decreased by X% to X tons. In general, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, ice cream imports reduced sharply to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

The United States was the main importer of ice cream in Northern America, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), constituting a X% share of total imports. Greenland (X tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) and Greenland (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported ice cream in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, ice cream imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and Greenland (X% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2021, and then contracted rapidly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :