Israel: Animal Fats Market 2024

Animal Fats Market Size in Israel

The Israeli animal fats market stood at $X in 2021, with an increase of 9.2% against the previous year. Overall, consumption continues to indicate a buoyant increase. Animal fats consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Animal Fats Production in Israel

In value terms, animal fats production rose sharply to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 55%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Animal Fats Exports

Exports from Israel

For the third consecutive year, Israel recorded decline in shipments abroad of animal fats and oils, which decreased by -29.5% to X tons in 2021. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 158%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal fats exports contracted significantly to $X in 2021. Overall, exports saw a precipitous setback. The pace of growth was the most pronounced in 2018 when exports increased by 195%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Palestine (X tons) was the main destination for animal fats exports from Israel, accounting for a 52% share of total exports. Moreover, animal fats exports to Palestine exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Cyprus (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Palestine totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.1% per year) and Cyprus (0.0% per year).

In value terms, Palestine ($X) remains the key foreign market for animal fats and oils exports from Israel, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 24% share of total exports. It was followed by Cyprus, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Palestine stood at +52.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.6% per year) and Cyprus (0.0% per year).

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, falling by -6.6% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Cyprus ($X per ton) and the United States ($X per ton), while the average price for exports to New Zealand ($X per ton) and Palestine ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Animal Fats Imports

Imports into Israel

In 2021, animal fats imports into Israel dropped remarkably to X kg, which is down by -86.5% against 2020. Over the period under review, imports showed a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of 568% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, animal fats imports fell sharply to $X in 2021. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of 617%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X kg) constituted the largest animal fats supplier to Israel, with a 87% share of total imports. Moreover, animal fats imports from Egypt exceeded the figures recorded by the second-largest supplier, Chile (X kg), eightfold. Italy (X kg) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt totaled -23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-17.2% per year) and Italy (-47.6% per year).

In value terms, Chile ($X) constituted the largest supplier of animal fats and oils to Israel, comprising 57% of total imports. The second position in the ranking was held by Egypt ($X), with a 22% share of total imports. It was followed by Italy, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Chile totaled -21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-31.7% per year) and Italy (-43.6% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, with an increase of 2.3% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9.9%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 ($X per ton), while the price for Egypt ($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 (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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