EU: Ice Cream Market 2024

Ice Cream Market Size in the EU

In 2021, the EU ice cream market increased by 9.2% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a moderate increase 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 stood at a somewhat lower figure.

Ice Cream Production in the EU

In value terms, ice cream production rose significantly to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. 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 was the most pronounced in 2014 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Ice Cream Exports

Exports in the EU

In 2021, overseas shipments of ice cream increased by 0.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated resilient growth 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 growth pace was the most rapid in 2013 with an increase of 91% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ice cream exports shrank to $X in 2021. Overall, exports showed a prominent increase. The growth pace was 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 remained at a lower figure.

Exports by Country

The shipments of the one major exporters of ice cream, namely the Czech Republic, represented more than two-thirds 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 the European Union.

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

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, declining by -2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2014 an increase of 41%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020, and then fell 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 the EU

Ice cream imports rose markedly to X tons in 2021, increasing by 10% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 31%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, ice cream imports rose markedly to $X in 2021. Total imports indicated a remarkable 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 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Czech Republic (X tons) represented the largest importer of ice cream in the European Union, creating 100% 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 the European Union.

In the Czech Republic, ice cream imports increased at an average annual rate of +6.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 23%. Over the period under review, import prices reached the peak figure 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

Frequently Asked Questions (FAQ) :