Ice Cream Market Overview in the United Kingdom
Market Overview
The UK ice cream market dropped to $
in 2019, with a decrease of -% 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 saw a perceptible slump. The growth pace was the most rapid in 2008 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.
In value terms, ice cream production reduced to $ in 2019 estimated in export prices. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a somewhat lower figure.
in 2019, with a decrease of -% 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 saw a perceptible slump. The growth pace was the most rapid in 2008 with an increase of % against the previous year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.In value terms, ice cream production reduced to $
in 2019 estimated in export prices. In general, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2008 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a somewhat lower figure.Consumption
For the fourth consecutive year, the UK recorded decline in consumption of ice cream, which decreased by -% to tonnes in 2019. Over the period under review, consumption continues to indicate a noticeable decline. The growth pace was the most rapid in 2010 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2011 to 2019, the growth of the consumption remained at a somewhat lower figure.
The size of the ice cream market in the UK declined to $ in 2019, falling by -% 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 saw a noticeable curtailment. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.
% to tonnes in 2019. Over the period under review, consumption continues to indicate a noticeable decline. The growth pace was the most rapid in 2010 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2011 to 2019, the growth of the consumption remained at a somewhat lower figure.The size of the ice cream market in the UK declined to $
in 2019, falling by -% 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 saw a noticeable curtailment. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for ice cream in the UK, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
The UK remains a net importer of ice cream; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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