Israel: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Israel

In 2021, the Israeli cyclohexanone and methylcyclohexanones market decreased by -23.7% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, showed a significant increase. Cyclohexanone and methylcyclohexanones consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Israel

In 2021, overseas shipments of cyclohexanone and methylcyclohexanones increased by 322% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 720%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cyclohexanone and methylcyclohexanones exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 721%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for cyclohexanone and methylcyclohexanones exports from Israel, accounting for a 77% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to India exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. Canada (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +93.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+35.5% per year) and Canada (0.0% per year).

In value terms, India ($X) remains the key foreign market for cyclohexanone and methylcyclohexanones exports from Israel, comprising 74% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Belgium, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +84.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+32.0% per year) and Belgium (+43.3% per year).

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to India ($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 Vietnam (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Israel

In 2021, overseas purchases of cyclohexanone and methylcyclohexanones decreased by -14.9% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 181%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cyclohexanone and methylcyclohexanones imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 159% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, the United States (X tons) was the main cyclohexanone and methylcyclohexanones supplier to Israel, accounting for a 91% share of total imports. It was followed by the Netherlands (X tons), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +53.6%.

In value terms, the United States ($X) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Israel, comprising 90% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +47.9%.

Import Prices by Country

The average cyclohexanone and methylcyclohexanones import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%).

Source: IndexBox Platform

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