Israel: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Israel

The Israeli amine-function compounds market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 9.7%. Amine-function compounds consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Israel

In 2021, shipments abroad of amine-function compounds decreased by -48.8% to X tons, falling for the third year in a row after four years of growth. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by 93% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, amine-function compounds exports dropped remarkably to $X in 2021. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 36%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for amine-function compounds exports from Israel, with a 49% share of total exports. Moreover, amine-function compounds exports to India exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-11.8% per year) and the United States (-20.4% per year).

In value terms, the largest markets for amine-function compounds exported from Israel were the Netherlands ($X), Turkey ($X) and the United States ($X), with a combined 62% share of total exports. These countries were followed by India, the Czech Republic, Poland, Germany, Belgium, Spain and Hungary, which together accounted for a further 22%.

Germany, with a CAGR of +25.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average amine-function compounds export price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Israel

For the third year in a row, Israel recorded decline in overseas purchases of amine-function compounds, which decreased by -0.2% to X tons in 2021. Overall, imports showed a slight decline. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, amine-function compounds imports rose notably to $X in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 14%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and France (X tons) were the main suppliers of amine-function compounds imports to Israel, together accounting for 63% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amine-function compounds suppliers to Israel were the United States ($X), China ($X) and France ($X), with a combined 60% share of total imports.

China, with a CAGR of +4.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($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 Netherlands (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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