Israel: Alumina Market 2024

Alumina Market Size in Israel

The Israeli alumina market declined rapidly to $X in 2022, waning by -66.7% 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). Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Alumina Exports

Exports from Israel

In 2022, approx. X tons of alumina were exported from Israel; increasing by 1,215% against the year before. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, alumina exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for alumina exports from Israel, accounting for a 68% share of total exports. Moreover, alumina exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold. The third position in this ranking was taken by Singapore (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.2% per year) and Singapore (+4.2% per year).

In value terms, the United States ($X) remains the key foreign market for alumina exports from Israel, comprising 68% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+22.1% per year) and Singapore (+4.9% per year).

Export Prices by Country

In 2022, the average alumina export price amounted to $X per ton, almost unchanged from the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alumina export price decreased by -12.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 49%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Alumina Imports

Imports into Israel

In 2022, imports of alumina into Israel soared to X tons, increasing by 65% against 2021. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 71%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, alumina imports surged to $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 49%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of alumina imports to Israel, with a combined 58% share of total imports. Brazil, Italy, Austria, France, Switzerland and the UK lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alumina suppliers to Israel were the United States ($X), China ($X) and Germany ($X), with a combined 59% share of total imports. Brazil, Italy, Austria, France, Switzerland and the UK lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Austria, with a CAGR of +20.7%, 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 2022, the average alumina import price amounted to $X per ton, with a decrease of -11.9% against the previous year. In general, the import price, however, enjoyed a measured expansion. The growth pace was the most rapid in 2021 when the average import price increased by 80%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Switzerland ($X per ton), while the price for the UK ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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