Israel: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Israel

The Israeli chemically modified oils market amounted to $X in 2022, approximately mirroring the previous year. In general, consumption, however, showed a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Chemically Modified Oils Production in Israel

In value terms, chemically modified oils production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 123% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chemically Modified Oils Exports

Exports from Israel

In 2022, overseas shipments of animal or vegetable fats and oils chemically modified increased by 61% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 22,702% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, chemically modified oils exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 14,220% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for chemically modified oils exports from Israel, accounting for a 51% share of total exports. Moreover, chemically modified oils exports to the Netherlands exceeded the volume sent to the second major destination, Finland (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and Germany (+216.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Israel, comprising 51% of total exports. The second position in the ranking was taken by Finland ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and Germany (+259.2% per year).

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) and Finland ($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 Switzerland (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Israel

In 2022, after two years of growth, there was significant decline in supplies from abroad of animal or vegetable fats and oils chemically modified, when their volume decreased by -5% to X tons. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, chemically modified oils imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 194% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of chemically modified oils imports to Israel, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +135.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the Netherlands ($X) and Poland ($X) constituted the largest chemically modified oils suppliers to Israel, with a combined 70% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +131.5%, 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 chemically modified oils import price amounted to $X per ton, growing by 33% against the previous year. Overall, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :