Israel: Alkyd Resins Market 2024

Alkyd Resins Market Size in Israel

The Israeli alkyd resins market rose significantly to $X in 2022, growing by 5.7% 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 showed a pronounced setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Alkyd Resins Exports

Exports from Israel

In 2022, after four years of growth, there was significant decline in shipments abroad of alkyd resins in primary forms, when their volume decreased by -42% to X tons. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 522%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, alkyd resins exports shrank to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 300%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Madagascar (X tons), France (X kg) and Spain (X kg) were the main destinations of alkyd resins exports from Israel, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for alkyd resins exported from Israel were France ($X), Madagascar ($X) and Spain ($X), together comprising 64% of total exports.

France, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average alkyd resins export price amounted to $X per ton, increasing by 58% 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 2015 an increase of 62%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.2%), while the prices for the other major destinations experienced a decline.

Alkyd Resins Imports

Imports into Israel

In 2022, imports of alkyd resins in primary forms into Israel reduced to X tons, with a decrease of -11.7% on 2021. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, alkyd resins imports expanded rapidly to $X in 2022. Overall, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of alkyd resins to Israel, accounting for a 67% share of total imports. Moreover, alkyd resins imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+7.3% per year) and the Netherlands (-3.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of alkyd resins in primary forms to Israel, comprising 67% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+12.5% per year) and the Netherlands (-5.0% per year).

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, picking up by 25% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins import price increased by +28.5% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Croatia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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