ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Domestic and Overseas Sales of Japanese Ice Cream Hit Record Highs, With Taiwan Purchasing the Most

By: MerxWire

Domestic and overseas sales of Japanese ice cream hit a record high in 2023, with total sales reaching 608.2 billion yen. Among them, the export destination sales rankings are Taiwan, Hong Kong, and China, which show that Taiwanese consumers love Japanese ice cream.


Taiwanese people widely welcome Japanese ice cream, and convenience stores sell a variety of Japanese brand ice products (Photo via Merxwire)

TOKYO, JAPAN (Merxwire) – Buying a popsicle in the hot summer is the first choice of dessert for many people. Japanese-style ice pops have a rich milky aroma and diverse tastes and are welcomed by many consumers. Factors such as the strong recovery of Japanese tourism, global warming, and the weakening of the yen will cause ice cream sales to hit a record high in 2023. According to a report from the Japan Ice Cream Association, sales for the year reached 608.2 billion yen, an increase of 9.9% over the previous year and 39% over ten years ago. Both exports and domestic sales have reached record highs, showing that the global love for Japanese ice cream is a testament to its quality and appeal.

Despite the yen’s depreciation, Japan’s food exports increased by 102.9% from the previous year to 1,454.7 billion yen. In addition, global temperatures continued to soar, causing Japan’s ice cream export volume and export value to break new highs, exceeding 10,000 tons for the first time, reaching 10,138 tons, with export volume increasing by 119.8% year-on-year (year-on-year growth of 123.5% based on value). Among them, in terms of export destination ranking, Taiwan ranks first (3,104 tons), followed by Hong Kong (1,635 tons) and China (1,611 tons)—the top three account for more than 60% of total ice cream exports. Purchases from Taiwan and China increased about 1.5 times compared to last year, showing Taiwanese people’s love for Japanese ice cream.

According to the household budget survey (households with more than two people) from the Statistics Bureau of the Ministry of Internal Affairs and Communications, the amount of food expenditure exceeded 1 million yen for the first time, reaching 1,038,653 yen, a significant increase of 105.7% from the previous year. It can be seen that a wave of price increases has swept across All food. Ice cream expenditure accounted for 1.11% of food costs, exceeding 1% for the sixth year. The average household spending on ice cream in 2023 was 11,580 yen, a record high.

According to a report from the Japan Ice Cream Association, ice cream export volume and export value broke through record highs in 2023, showing that global consumers’ love for Japanese ice cream continues to increase. (Chart via Merxwire)

The rise in raw material prices is one of the reasons for the increase in ice cream sales. Due to the apparent rise in the prices of various foods, compared with other desserts and candies, the price adjustment of ice cream is relatively slow, which increases consumers’ willingness to buy. The people surveyed buy and eat commercially available ice cream at least once every two months on average, and 40% of the respondents said they eat more ice cream than last year, making ice cream the number one favorite dessert in Japan this year, with vanilla flavor The most popular flavor.

The Japan Ice Cream Association surveyed the types of ice cream that consumers often buy and found that “cup-shaped” is the most popular shape, followed by “bar-shaped” and “monaka-shaped”. Bar-shaped ice cream is more prevalent among women than men, while the monaka style is more prevalent among men than women. This insight into consumer preferences is crucial for companies to make informed decisions about their product development and marketing strategies.

Are you feeling dizzy with the continuous record-high temperatures? Find a convenience store nearby, open the ice cream cabinet, buy one of the most eye-catching Japanese ice cream products, and explore together how Japanese ice cream captures the hearts of consumers from all over the world.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.