U.S.: Ice Cream Market Overview 2021

Ice Cream Market Size in the U.S.

After four years of growth, the U.S. ice cream market decreased by -X% to $X in 2020. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2019, and then fell modestly in the following year.

Ice Cream Production in the U.S.

In value terms, ice cream production fell slightly to $X in 2020. Over the period under review, production continues to indicate a relatively flat trend pattern. 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 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Ice Cream Exports

Exports from the U.S.

In 2020, shipments abroad of ice cream and frozen dessert decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, ice cream exports stood at $X in 2020. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain 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. Saudi Arabia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Saudi Arabia (+X% per year).

In value terms, the largest markets for ice cream exported from the U.S. were Mexico ($X), Australia ($X) and Saudi Arabia ($X), together comprising X% of total exports. Canada, South Korea, the United Arab Emirates, the UK, Malaysia, Singapore, Chile and Qatar lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ice cream export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum in 2020 and is likely to see gradual growth in years to come.

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 2007 to 2020, 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 2020, overseas purchases of ice cream and frozen dessert increased by X% to X tonnes, rising for the fifth consecutive year after three years of decline. Overall, imports saw strong growth. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, ice cream imports soared to $X in 2020. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Mexico (X tonnes) constituted the largest supplier of ice cream to the U.S., accounting for a X% share of total imports. Moreover, ice cream imports from Mexico exceeded the figures recorded by the second-largest supplier, South Korea (X tonnes), threefold. The third position in this ranking was occupied by Taiwan (Chinese) (X tonnes), with a X% share.

From 2007 to 2020, 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: South Korea (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Canada ($X) were the largest ice cream suppliers to the U.S., with a combined X% share of total imports. These countries were followed by Italy, South Africa, Germany, Russia, Thailand, Mexico, Israel, Belgium, India and Lithuania, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, among 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 tonne in 2020, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of ice cream and frozen dessert to the U.S.?

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In value terms, the largest ice cream suppliers to the U.S. were Taiwan (Chinese) ($24M), South Korea ($16M) and Canada ($14M), together comprising 38% of total imports. These countries were followed by Italy, South Africa, Germany, Russia, Thailand, Mexico, Israel, Belgium, India and Lithuania, which together accounted for a further 47%.

What are the leading importers of ice cream and frozen dessert from the U.S.?

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In value terms, the largest markets for ice cream exported from the U.S. were Mexico ($57M), Australia ($31M) and Saudi Arabia ($24M), with a combined 44% share of total exports. Canada, South Korea, the United Arab Emirates, the UK, Malaysia, Singapore, Chile and Qatar lagged somewhat behind, together accounting for a further 32%.

What is the average export price for ice cream and frozen dessert in the U.S.?

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In 2020, the average ice cream export price amounted to $3,507 per tonne, rising by 2% against the previous year.

What is the average import price for ice cream and frozen dessert in the U.S.?

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In 2020, the average ice cream import price amounted to $3,628 per tonne, growing by 24% against the previous year.