Israel: Ice Cream Market 2024

Ice Cream Market Size in Israel

The Israeli ice cream market soared to $X in 2023, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant expansion. Over the period under review, the market attained the peak level in 2023 and is likely to see gradual growth in years to come.

Ice Cream Exports

Exports from Israel

After five years of growth, shipments abroad of ice cream decreased by X% to X tons in 2023. In general, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then declined remarkably in the following year.

In value terms, ice cream exports reduced markedly to $X in 2023. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for ice cream exports from Israel, accounting for a X% share of total exports. Moreover, ice cream exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

Export Prices by Country

In 2023, the average ice cream export price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to France ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Imports

Imports into Israel

In 2023, ice cream imports into Israel expanded to X tons, growing by X% on the year before. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, ice cream imports soared to $X in 2023. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of ice cream imports to Israel, with a combined X% share of total imports. Ukraine, Lithuania, Belarus, Poland, France, Hungary, Belgium, Serbia, Germany and Russia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ice cream suppliers to Israel were Turkey ($X), Spain ($X) and Italy ($X), together comprising X% of total imports. Ukraine, Lithuania, Belarus, Poland, France, Hungary, Belgium, Serbia, Germany and Russia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Hungary, with a CAGR of X.1%, saw the highest growth rate of the value of imports, 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 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Belarus ($X per ton) and Russia ($X per ton), while the price for Hungary ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform