Israel: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Israel

The Israeli flaked or rolled cereal market expanded markedly to $X in 2022, with an increase of 9% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.5% against 2020 indices. Flaked or rolled cereal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals in Israel

In value terms, flaked or rolled cereal production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 133% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Israel

In 2022, exports of flaked or rolled cereals from Israel surged to X tons, jumping by 109% against the previous year's figure. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,117% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, flaked or rolled cereal exports soared to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 800%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for flaked or rolled cereal exports from Israel, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +28.1%.

In value terms, the United States ($X) also remains the key foreign market for flaked or rolled cereals exports from Israel.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +23.9%.

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, rising by 2.4% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.2% per year.

Imports of Flaked or Rolled Cereals

Imports into Israel

In 2022, approx. X tons of flaked or rolled cereals were imported into Israel; remaining relatively unchanged against 2021. Overall, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, flaked or rolled cereal imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of flaked or rolled cereal to Israel, accounting for a 49% share of total imports. Moreover, flaked or rolled cereal imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+41.2% per year) and Spain (+84.1% per year).

In value terms, the UK ($X) constituted the largest supplier of flaked or rolled cereals to Israel, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Spain, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+45.4% per year) and Spain (+86.9% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Russia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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