Israel: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Israel

In 2021, the Israeli calcareous building stone market increased by 18% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Calcareous Building Stone Production in Israel

In value terms, calcareous building stone production surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Calcareous building stone production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Calcareous Building Stone Exports

Exports from Israel

In 2021, overseas shipments of calcareous building stone decreased by -89.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 12,360%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, calcareous building stone exports dropped remarkably to $X in 2021. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 9,113%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Israel, with a 93% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to China stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and the United States (-36.1% per year).

In value terms, China ($X) remains the key foreign market for calcareous building stone exports from Israel, comprising 87% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and the United States (-32.3% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, growing by 6.9% against the previous year. In general, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2014 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.0%).

Calcareous Building Stone Imports

Imports into Israel

In 2021, purchases abroad of calcareous building stone decreased by -0.8% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2015 when imports increased by 199%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, calcareous building stone imports expanded rapidly to $X in 2021. Over the period under review, imports, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2015 with an increase of 283% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Portugal (X tons) and Belgium (X tons) were the main suppliers of calcareous building stone imports to Israel, together comprising 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +28.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Portugal ($X) and Belgium ($X) were the largest calcareous building stone suppliers to Israel, with a combined 47% share of total imports.

In terms of the main suppliers, India, with a CAGR of +34.9%, saw 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 2021, the average calcareous building stone import price amounted to $X per ton, rising by 13% against the previous year. In general, the import price posted a slight expansion. The pace of growth was the most pronounced in 2014 an increase of 49%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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