Israel: Amino Resin Market 2024

Amino Resin Market Size in Israel

The Israeli amino resin market dropped to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption saw a buoyant increase. Amino resin consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Amino Resin Production in Israel

In value terms, amino resin production declined modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 89%. Amino resin production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Amino Resin Exports

Exports from Israel

In 2022, shipments abroad of amino resins increased by 38% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a sharp contraction. The pace of growth appeared the most rapid in 2019 with an increase of 1,504% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, amino resin exports skyrocketed to $X in 2022. Overall, exports, however, saw a dramatic downturn. The growth pace was the most rapid in 2019 when exports increased by 1,456%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X tons), Turkey (X tons) and Portugal (X tons) were the main destinations of amino resin exports from Israel, with a combined 79% share of total exports. Belgium, Italy, India, the United States, China and France lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +10.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ghana ($X), Turkey ($X) and Portugal ($X) were the largest markets for amino resin exported from Israel worldwide, with a combined 74% share of total exports. Belgium, Italy, India, the United States, China and France lagged somewhat behind, together accounting for a further 26%.

Belgium, with a CAGR of +18.2%, 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 amino resin export price stood at $X per ton in 2022, reducing by -7.6% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price decreased by -11.0% against 2018 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Portugal ($X per ton), while the average price for exports to Turkey ($X per ton) and Ghana ($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 Colombia (+57.7%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into Israel

In 2022, imports of amino resins into Israel expanded markedly to X tons, increasing by 14% against the year before. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.0% against 2015 indices. The growth pace was the most rapid in 2013 when imports increased by 56%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, amino resin imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Spain (X tons) and Singapore (X tons) were the main suppliers of amino resin imports to Israel, with a combined 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +75.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Israel were the United States ($X), Spain ($X) and Singapore ($X), together comprising 57% of total imports.

Spain, with a CAGR of +78.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 amino resin import price amounted to $X per ton, growing by 3.4% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin import price increased by +82.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 77%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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