U.S. Ice Industry Surges in 2024 Despite Price Drop
The U.S. ice industry has seen significant shifts in 2024. The average export price of ice dropped, yet exports surged, with Mexico as the primary destination. Production and consumption of ice both peaked, showing promising growth prospects.
In 2024, the average ice export price from the U.S. stood at $X per ton, marking a X% decrease from the previous year. Despite this, the amount of ice exported surged to X tons, a X% increase year-on-year, reaching an all-time high. This surge was driven by a remarkable increase in exports over the past decade, with the most notable growth occurring in 2022.
Mexico remained the top destination for U.S. ice exports, accounting for a X% share of total exports. In value terms, ice exports from the U.S. fell slightly to $X in 2024, yet they had been increasing at an average annual rate of X% over the last eleven years.
The U.S. ice market experienced a X% increase to $X in 2024, marking the fourth consecutive year of growth. This growth was supported by a steady increase in total ice consumption in the U.S., which grew at an average annual rate of X% over the last eleven years. Both ice production and consumption peaked in 2024 and are expected to continue growing in the near future.
In 2024, the U.S. ice industry demonstrated resilience despite a dip in ice export prices. With Mexico as the primary market and steady growth in production and consumption, the industry is poised for continued expansion.
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