Israel: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Israel

In 2021, after two years of decline, there was significant growth in the Israeli ethyl acetate market, when its value increased by 9.6% to $X. In general, consumption continues to indicate a abrupt downturn. Ethyl acetate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ethyl Acetate Exports

Exports from Israel

In 2021, the amount of ethyl acetate exported from Israel shrank to X tons, reducing by -11.7% against the previous year's figure. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 36%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ethyl acetate exports soared to $X in 2021. Over the period under review, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for ethyl acetate exports from Israel, accounting for a 52% share of total exports. Moreover, ethyl acetate exports to the Netherlands exceeded the volume sent to the second major destination, India (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+80.0% per year) and Turkey (-12.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ethyl acetate exports from Israel, comprising 57% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by India, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-9.2% per year) and India (+75.6% per year).

Export Prices by Country

In 2021, the average ethyl acetate export price amounted to $X per ton, jumping by 66% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 Brazil (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethyl Acetate Imports

Imports into Israel

In 2021, the amount of ethyl acetate imported into Israel fell remarkably to X tons, which is down by -21.5% on 2020. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ethyl acetate imports skyrocketed to $X in 2021. Overall, imports saw a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of ethyl acetate to Israel, with a 53% share of total imports. Moreover, ethyl acetate imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.0% per year) and South Africa (-6.6% per year).

In value terms, Mexico ($X) constituted the largest supplier of ethyl acetate to Israel, comprising 53% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by South Africa, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Mexico amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.9% per year) and South Africa (-7.1% per year).

Import Prices by Country

The average ethyl acetate import price stood at $X per ton in 2021, with an increase of 71% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and India ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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