U.S. Ice Cream And Frozen Dessert Market. Analysis And Forecast to 2025

U.S.: Ice Cream Market Overview 2019

Ice Cream Market Size in the U.S.

The revenue of the ice cream market in the U.S. amounted to $X in 2018, leveling off at the previous year. Overall, ice cream consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. In that year, the ice cream market attained its peak level of $X. From 2017 to 2018, the growth of the ice cream market failed to regain its momentum.

Ice Cream Production in the U.S.

In value terms, ice cream production totaled $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when production volume increased by X% against the previous year. Over the period under review, ice cream production reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Ice Cream Exports

Exports from the U.S.

Ice cream exports from the U.S. stood at X tonnes in 2018, increasing by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. In that year, ice cream exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, ice cream exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, ice cream exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Mexico (X tonnes) was the main destination for ice cream exports from the U.S., accounting for a X% share of total exports. Moreover, ice cream exports to Mexico exceeded the volume sent to the second major destination, Australia (X tonnes), threefold. Canada (X tonnes) ranked third in terms of total exports with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume to Mexico amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Canada (+X% per year).

In value terms, Mexico ($X), Australia ($X) and Saudi Arabia ($X) constituted the largest markets for ice cream exported from the U.S. worldwide, with a combined X% share of total exports. Canada, the UK, the United Arab Emirates, Malaysia, Brazil, Trinidad and Tobago, South Korea, Bahamas and China lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest growth rate of exports, among the main countries of destination over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average ice cream export price amounted to $X per tonne, jumping by X% against the previous year. Over the last five-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. In that year, the average export prices for ice cream and frozen dessert reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Mexico ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports

Imports into the U.S.

In 2018, approx. X tonnes of ice cream and frozen dessert were imported into the U.S.; going up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. In that year, ice cream imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, ice cream imports totaled $X in 2018. Over the period under review, the total imports indicated strong growth from 2013 to 2018: its value increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, ice cream imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, ice cream imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Mexico (X tonnes) constituted the largest ice cream supplier to the U.S., with a X% share of total imports. Moreover, ice cream imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tonnes), threefold. South Korea (X tonnes) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from Mexico totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and South Korea (+X% per year).

In value terms, the largest ice cream suppliers to the U.S. were Thailand ($X), Italy ($X) and South Korea ($X), together accounting for X% of total imports. These countries were followed by Canada, Hungary, South Africa, Germany, Australia, Mexico, France, Israel and India, which together accounted for a further X terms of the main suppliers, Hungary (+X% per year) recorded the highest growth rate of imports, over the last five years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average ice cream import price amounted to $X per tonne, growing by X% against the previous year. Over the period from 2013 to 2018, 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% y-o-y. The import price peaked in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Thailand ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform