Israel: Acetone Market 2025

Acetone Market Size in Israel

In 2021, the Israeli acetone market increased by 32% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Acetone Production in Israel

In value terms, acetone production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +106.1% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 45% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in years to come.

Acetone Exports

Exports from Israel

In 2021, shipments abroad of acetone decreased by -12.5% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 153% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, acetone exports soared to $X in 2021. Over the period under review, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 158% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of acetone exports from Israel, with a combined 92% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for acetone exported from Israel worldwide, together comprising 92% of total exports.

The Netherlands, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acetone export price amounted to $X per ton, growing by 73% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetone export price increased by +135.0% against 2019 indices. 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 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the Netherlands ($X per ton), while the average price for exports to China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into Israel

In 2021, after three years of decline, there was significant growth in supplies from abroad of acetone, when their volume increased by 31% to X tons. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, acetone imports skyrocketed to $X in 2021. In general, imports showed modest growth. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of acetone imports to Israel, together accounting for 46% of total imports. These countries were followed by Spain, Switzerland, Russia, South Korea, France, Taiwan (Chinese), Germany and the UK, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Belgium ($X) and the Netherlands ($X) constituted the largest acetone suppliers to Israel, together accounting for 46% of total imports. Spain, Switzerland, Russia, South Korea, France, Taiwan (Chinese), Germany and the UK lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, South Korea, with a CAGR of +40.2%, recorded 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

In 2021, the average acetone import price amounted to $X per ton, jumping by 61% against the previous year. In general, the import price continues to indicate modest growth. Over the period under review, average import prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Russia ($X per ton) and South Africa ($X per ton), while the price for France ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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