Israel: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Israel

The Israeli acyclic hydrocarbons derivatives market expanded slightly to $X in 2021, picking up by 2.8% against the previous year. Overall, consumption posted perceptible growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Production in Israel

In value terms, acyclic hydrocarbons derivatives production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of 57%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Acyclic Hydrocarbons Derivatives Exports

Exports from Israel

Acyclic hydrocarbons derivatives exports from Israel surged to X tons in 2021, jumping by 17% on the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 114%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 66% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Israel, accounting for a 64% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-7.5% per year) and Germany (+29.2% per year).

In value terms, the UK ($X) remains the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Israel, comprising 39% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Guatemala, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.4% per year) and Guatemala (+34.4% per year).

Export Prices by Country

The average acyclic hydrocarbons derivatives export price stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 82%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 Guatemala (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Israel

In 2021, supplies from abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 32% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acyclic hydrocarbons derivatives imports soared to $X in 2021. Over the period under review, imports saw temperate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of acyclic hydrocarbons derivatives imports to Israel, together accounting for 83% of total imports. These countries were followed by the United Arab Emirates, Italy, Singapore and Belgium, which together accounted for a further 4.8%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +8.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons derivatives suppliers to Israel were China ($X), the United States ($X) and the Netherlands ($X), with a combined 83% share of total imports. These countries were followed by Italy, the United Arab Emirates, Singapore and Belgium, which together accounted for a further 4.1%.

Italy, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2021, rising by 6.9% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acyclic hydrocarbons derivatives import price decreased by -12.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Singapore ($X per ton) and the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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