Israel: Acrylonitrile Market 2024

Acrylonitrile Market Size in Israel

In 2021, the Israeli acrylonitrile market decreased by -7% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.3% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Acrylonitrile Exports

Exports from Israel

In 2021, shipments abroad of acrylonitrile decreased by -20% to X kg, falling for the eighth consecutive year after two years of growth. In general, exports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 75%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, acrylonitrile exports shrank sharply to $X in 2021. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for acrylonitrile exports from Israel, accounting for a 73% share of total exports. Moreover, acrylonitrile exports to India exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to India stood at -31.7%.

In value terms, India ($X) remains the key foreign market for acrylonitrile exports from Israel, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to -30.4%.

Export Prices by Country

The average acrylonitrile export price stood at $X per ton in 2021, rising by 4.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.4%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.0%).

Acrylonitrile Imports

Imports into Israel

After three years of growth, overseas purchases of acrylonitrile decreased by -28.2% to X tons in 2021. In general, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 29%. Imports peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, acrylonitrile imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest acrylonitrile supplier to Israel, with a 79% share of total imports. Moreover, acrylonitrile imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.7% per year) and the UK (-1.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of acrylonitrile to Israel, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.0% per year) and the UK (-6.4% per year).

Import Prices by Country

The average acrylonitrile import price stood at $X per ton in 2021, growing by 52% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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