Eastern Europe: Ice Cream Market 2024

Ice Cream Market Size in Eastern Europe

After two years of decline, the East European ice cream market increased by 9.2% to $X in 2021. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ice Cream Production in Eastern Europe

In value terms, ice cream production expanded remarkably to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Ice Cream Exports

Exports in Eastern Europe

In 2021, shipments abroad of ice cream was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +9.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -10.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 91% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ice cream exports reduced modestly to $X in 2021. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 when exports increased by 50%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the Czech Republic (X tons) was the largest exporter of ice cream in Eastern Europe, generating 100% of total export.

The Czech Republic was also the fastest-growing in terms of the ice cream exports, with a CAGR of +9.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) also remains the largest ice cream supplier in Eastern Europe.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic amounted to +11.0%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, reducing by -2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then fell slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to +1.0% per year.

Ice Cream Imports

Imports in Eastern Europe

Ice cream imports was estimated at X tons in 2021, picking up by 10% compared with the year before. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 31%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, ice cream imports rose significantly to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.2% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The purchases of the one major importers of ice cream, namely the Czech Republic, represented more than two-thirds of total import.

The Czech Republic was also the fastest-growing in terms of the ice cream imports, with a CAGR of +3.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) constitutes the largest market for imported ice cream in Eastern Europe.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic stood at +6.3%.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2017 when the import price increased by 23% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

As there is only one major supplying country, the average price level is determined by prices for the Czech Republic.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to +2.8% per year.

Source: IndexBox Platform

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