Israel: Borates Market 2025

Borates Market Size in Israel

The Israeli borates market dropped rapidly to $X in 2022, shrinking by -26.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Borates Exports

Exports from Israel

For the fifth consecutive year, Israel recorded growth in shipments abroad of borates, which increased by 9.2% to X tons in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 99%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, borates exports expanded significantly to $X in 2022. Overall, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 107% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for borates exports from Israel, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for borates exports from Israel.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2022, the average borates export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 4.8% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to +0.1% per year.

Borates Imports

Imports into Israel

In 2022, the amount of borates imported into Israel declined remarkably to X tons, falling by -19.1% against 2021 figures. Overall, imports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, borates imports reached $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +66.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Germany (X tons) and China (X tons) were the main suppliers of borates imports to Israel, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +55.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest borates suppliers to Israel were Turkey ($X), Germany ($X) and China ($X), together accounting for 92% of total imports.

In terms of the main suppliers, China, with a CAGR of +57.0%, saw the highest rates of growth with regard to 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 borates import price stood at $X per ton in 2022, with an increase of 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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