Israel: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Israel

The Israeli aromatic alcohols market reduced to $X in 2021, which is down by -7.9% against the previous year. Overall, consumption, however, continues to indicate a slight increase. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Aromatic Alcohols Production in Israel

In value terms, aromatic alcohols production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Aromatic Alcohols Exports

Exports from Israel

For the third year in a row, Israel recorded growth in overseas shipments of aromatic alcohols and their derivatives, which increased by 27% to X tons in 2021. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2016 with an increase of 700%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic alcohols exports rose sharply to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 1,295% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for aromatic alcohols exports from Israel, with a 45% share of total exports. Moreover, aromatic alcohols exports to the United States exceeded the volume sent to the second major destination, Russia (X tons), threefold. Spain (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +94.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+73.2% per year) and Spain (+2.8% per year).

In value terms, the United States ($X) remains the key foreign market for aromatic alcohols and their derivatives exports from Israel, comprising 41% of total exports. The second position in the ranking was taken by Spain ($X), with a 20% share of total exports. It was followed by Russia, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.8% per year) and Russia (+58.6% per year).

Export Prices by Country

In 2021, the average aromatic alcohols export price amounted to $X per ton, shrinking by -10% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 74% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and France ($X per ton), while the average price for exports to Poland ($X per ton) and the Netherlands ($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 Spain (+1.9%), while the prices for the other major destinations experienced a decline.

Aromatic Alcohols Imports

Imports into Israel

In 2021, approx. X tons of aromatic alcohols and their derivatives were imported into Israel; with an increase of 12% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 36%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic alcohols imports surged to $X in 2021. Overall, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 61% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the United States (X tons) and China (X tons) were the main suppliers of aromatic alcohols imports to Israel, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +116.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic alcohols suppliers to Israel were China ($X), the Netherlands ($X) and the United States ($X), with a combined 81% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +106.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aromatic alcohols import price stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the import price, however, saw a deep setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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