Israel: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Israel

In 2021, the Israeli expansible polystyrene market increased by 44% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports from Israel

In 2021, after two years of growth, there was significant decline in overseas shipments of expansible polystyrene in primary forms, when their volume decreased by -33.5% to X tons. Over the period under review, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 894%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, expansible polystyrene exports contracted remarkably to $X in 2021. In general, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 698% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Turkey (X tons) and Spain (X tons) were the main destinations of expansible polystyrene exports from Israel, together accounting for 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +9.3%), while the other leaders experienced a decline.

In value terms, the UK ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Israel, comprising 70% of total exports. The second position in the ranking was held by Turkey ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.9% per year) and Spain (-28.0% per year).

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2021, picking up by 26% against the previous year. In general, the export price, however, saw a mild decrease. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($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 the UK (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Expansible Polystyrene Imports

Imports into Israel

In 2021, supplies from abroad of expansible polystyrene in primary forms increased by 5.2% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 12%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, expansible polystyrene imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. 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.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of expansible polystyrene to Israel, with a 79% share of total imports. Moreover, expansible polystyrene imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.3% per year) and Germany (+8.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of expansible polystyrene in primary forms to Israel, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 7.4% share of total imports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.0% per year) and Germany (+10.3% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, picking up by 69% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Greece ($X per ton), while the price for Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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