U.S.: Ice Cream Market 2024

Ice Cream Market Size in the U.S.

The U.S. ice cream market stood at $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Ice Cream Production in the U.S.

In value terms, ice cream production reached $X in 2022. 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 only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Ice cream production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Ice Cream Exports

Exports from the U.S.

In 2022, approx. X tons of ice cream were exported from the United States; flattening at 2021 figures. 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 recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ice cream exports shrank slightly to $X in 2022. In general, total exports indicated strong growth 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 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

Mexico (X tons) was the main destination for ice cream exports from the United States, accounting for a X% share of total exports. Moreover, ice cream exports to Mexico exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. The third position in this ranking was held by Canada (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Canada (X% per year).

In value terms, Mexico ($X) remains the key foreign market for ice cream exports from the United States, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Canada (X% per year).

Export Prices by Country

The average ice cream export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports

Imports into the U.S.

In 2022, after six years of growth, there was significant decline in supplies from abroad of ice cream, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, ice cream imports shrank remarkably to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of ice cream to the United States, accounting for a X% share of total imports. Moreover, ice cream imports from Mexico exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Canada (X% per year).

In value terms, Italy ($X), South Africa ($X) and Canada ($X) were the largest ice cream suppliers to the United States, together accounting for X% of total imports. Brazil, Turkey, South Korea, the Netherlands, Spain, Mexico, Taiwan (Chinese), Germany and Russia lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ice cream import price stood at $X per ton in 2022, shrinking 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 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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