Israel: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Israel

The Israeli vulcanised rubber mats market surged to $X in 2021, increasing by 32% 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). In general, consumption posted a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Vulcanised Rubber Mats Exports

Exports from Israel

In 2021, shipments abroad of floor coverings and mats of vulcanised rubber decreased by -21.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 3,597%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber mats exports reduced notably to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 3,600%. Over the period under review, the exports attained the maximum at $X in 2020, and then fell markedly in the following year.

Exports by Country

Canada (X tons) was the main destination for vulcanised rubber mats exports from Israel, accounting for a 76% share of total exports. Moreover, vulcanised rubber mats exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. Ghana (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+42.5% per year) and Ghana (+87.7% per year).

In value terms, Canada ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Israel, comprising 76% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports. It was followed by Ghana, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+46.3% per year) and Ghana (+95.2% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, increasing by 4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2016 an increase of 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Israel

In 2021, the amount of floor coverings and mats of vulcanised rubber imported into Israel skyrocketed to X tons, picking up by 17% against 2020 figures. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 35%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2021. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 26%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber mats supplier to Israel, accounting for a 37% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.4% per year) and Turkey (+79.2% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Israel, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.6% per year) and Turkey (+78.0% per year).

Import Prices by Country

In 2021, the average vulcanised rubber mats import price amounted to $X per ton, increasing by 2.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and Canada ($X per ton), while the price for Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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