Israel: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Israel

The Israeli fish fat and oil market rose to $X in 2022, increasing by 3.9% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.0% against 2020 indices. Fish fat and oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Fish Fats And Oils in Israel

In value terms, fish fat and oil production stood at $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36%. Fish fat and oil production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Fish Fats And Oils

Exports from Israel

Fish fat and oil exports from Israel soared to X tons in 2022, picking up by 476% on 2021. Overall, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 4,339%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fish fat and oil exports soared to $X in 2022. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 4,575% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for fish fat and oil exports from Israel, with a 56% share of total exports. Moreover, fish fat and oil exports to the UK exceeded the volume sent to the second major destination, Turkey (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+23.0% per year) and Switzerland (-2.8% per year).

In value terms, the UK ($X) remains the key foreign market for fish fats and oils exports from Israel, comprising 56% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +74.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+21.5% per year) and Switzerland (-1.0% per year).

Export Prices by Country

The average fish fat and oil export price stood at $X per ton in 2022, which is down by -7.3% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the average export prices attained the peak figure 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Israel

For the third year in a row, Israel recorded growth in purchases abroad of fish fats and oils, which increased by 49% to X tons in 2022. Overall, imports saw a noticeable increase. The growth pace was the most rapid in 2020 with an increase of 142% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fish fat and oil imports fell to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 71% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of fish fat and oil to Israel, with a 68% share of total imports. Moreover, fish fat and oil imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by Belgium (X kg), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+64.8% per year) and Belgium (+133.7% per year).

In value terms, the UK ($X) constituted the largest supplier of fish fats and oils to Israel, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.3% per year) and China (+5.3% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, waning by -41% against the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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