Israel: Dichloromethane Market 2024

Dichloromethane Market Size in Israel

In 2021, the Israeli dichloromethane market increased by 142% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a measured expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dichloromethane Exports

Exports from Israel

In 2021, overseas shipments of dichloromethane (methylene chloride) decreased by -37.4% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, exports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, dichloromethane exports declined to $X in 2021. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main destinations of dichloromethane exports from Israel, with a combined 74% share of total exports. The Netherlands, India, Turkey, Brazil and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Taiwan (Chinese) ($X) and the United States ($X) constituted the largest markets for dichloromethane exported from Israel worldwide, with a combined 74% share of total exports. These countries were followed by the Netherlands, India, Turkey, Brazil and Germany, which together accounted for a further 26%.

In terms of the main countries of destination, India, with a CAGR of +38.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dichloromethane export price amounted to $X per ton, jumping by 50% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to India ($X per ton) and the United States ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into Israel

In 2021, purchases abroad of dichloromethane (methylene chloride) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dichloromethane imports surged to $X in 2021. Over the period under review, imports posted notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of dichloromethane to Israel, with a 69% share of total imports. Moreover, dichloromethane imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), ninefold. China (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.2% per year) and China (+32.9% per year).

In value terms, Germany ($X) constituted the largest supplier of dichloromethane (methylene chloride) to Israel, comprising 70% of total imports. The second position in the ranking was taken by France ($X), with an 8.2% share of total imports. It was followed by China, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.1% per year) and China (+38.1% per year).

Import Prices by Country

The average dichloromethane import price stood at $X per ton in 2021, with an increase of 46% against the previous year. Overall, the import price recorded a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and the Netherlands ($X per ton), while the price for Hong Kong SAR ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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