Israel: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Israel

The Israeli market for compounds with other nitrogen function (excluding isocyanates) expanded slightly to $X in 2022, with an increase of 2.2% against the previous year. In general, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Israel

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 102%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Israel

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) was finally on the rise to reach X tons after three years of decline. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2017 with an increase of 2,609% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,306%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for compounds with other nitrogen function exports from Israel, accounting for a 87% share of total exports. Moreover, compounds with other nitrogen function exports to Hungary exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.5% per year) and Germany (+35.3% per year).

In value terms, Hungary ($X) emerged as the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Israel, comprising 87% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.8% per year) and Germany (+39.1% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, with a decrease of -1.6% against the previous year. In general, the export price, however, enjoyed modest growth. The pace of growth appeared the most rapid in 2013 an increase of 117% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Israel

In 2022, purchases abroad of compounds with other nitrogen function (excluding isocyanates) increased by 203% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), the United States (X tons) and China (X tons) were the main suppliers of compounds with other nitrogen function imports to Israel, together comprising 76% of total imports. Poland, India, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +113.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United States ($X) and China ($X) were the largest compounds with other nitrogen function suppliers to Israel, with a combined 76% share of total imports. Poland, India, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +126.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, falling by -14.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price 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, compounds with other nitrogen function import price increased by +58.9% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 23%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per ton) and India ($X per ton), while the price for Germany ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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