Israel: Ethylene Glycol Market 2025

Ethylene Glycol Market Size in Israel

The Israeli ethylene glycol market skyrocketed to $X in 2022, rising by 86% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Ethylene Glycol Exports

Exports from Israel

In 2022, approx. X tons of ethylene glycol (ethanediol) were exported from Israel; picking up by 31% on the previous year. In general, exports saw significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 2,274% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ethylene glycol exports soared to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 1,600% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for ethylene glycol exports from Israel, with a 54% share of total exports. Moreover, ethylene glycol exports to the United States exceeded the volume sent to the second major destination, Austria (X tons), fivefold. Honduras (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +137.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Honduras (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for ethylene glycol (ethanediol) exports from Israel, comprising 54% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by Honduras, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +139.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Honduras (0.0% per year).

Export Prices by Country

The average ethylene glycol export price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and Mexico ($X per ton), while the average price for exports to Singapore ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Glycol Imports

Imports into Israel

After two years of decline, supplies from abroad of ethylene glycol (ethanediol) increased by 87% to X tons in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 233%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene glycol imports surged to $X in 2022. In general, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 127% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of ethylene glycol imports to Israel, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and the Netherlands ($X) were the largest ethylene glycol suppliers to Israel, with a combined 94% share of total imports.

Among the main suppliers, the United States, with a CAGR of +29.5%, recorded the highest growth rate of the value of imports, 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 ethylene glycol import price amounted to $X per ton, falling by -2.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 an increase of 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and the Netherlands ($X per ton), while the price for the UK ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :