Israel: Biological Product Market 2024

Biological Product Market Size in Israel

The Israeli biological product market fell slightly to $X in 2022, stabilizing at the previous year. In general, consumption, however, recorded a noticeable decline. Biological product consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Biological Product Production in Israel

In value terms, biological product production totaled $X in 2022 estimated in export price. Overall, production, however, saw a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by X%. Biological product production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Biological Product Exports

Exports from Israel

After five years of growth, shipments abroad of biological products decreased by X% to X tons in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, biological product exports declined notably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for biological product exports from Israel, accounting for a X% share of total exports. Moreover, biological product exports to Belgium exceeded the volume sent to the second major destination, Argentina (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for biological products exports from Israel, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Russia (X% per year).

Export Prices by Country

The average biological product export price stood at $X per kg in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Switzerland ($X per kg) was amongst the lowest.

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

Biological Product Imports

Imports into Israel

In 2022, after three years of growth, there was significant decline in purchases abroad of biological products, when their volume decreased by X% to X tons. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, biological product imports contracted sharply to $X in 2022. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Belgium (X tons), Ireland (X tons) and the Netherlands (X tons) were the main suppliers of biological product imports to Israel, together comprising X% of total imports. China, Lithuania, the United States, France, Germany, Swaziland, Switzerland, the UK and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Swaziland (with a CAGR of X.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest biological product suppliers to Israel, together comprising X% of total imports. Germany, Ireland, the United States, China, France, Lithuania, the UK, Swaziland and Canada lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Swaziland, with a CAGR of X%, 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

The average biological product import price stood at $X per kg in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for Lithuania ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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