Israel: Fluoropolymers Market 2024

Fluoropolymers Market Size in Israel

In 2021, the Israeli fluoropolymers market decreased by -10.4% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Fluoropolymers Exports

Exports from Israel

In 2021, after three years of decline, there was significant growth in shipments abroad of fluoropolymers, when their volume increased by 147% to X tons. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,153%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fluoropolymers exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,439% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X tons) was the main destination for fluoropolymers exports from Israel, accounting for a 63% share of total exports. Moreover, fluoropolymers exports to Switzerland exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Singapore (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.6% per year) and Singapore (-39.2% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for fluoropolymers exports from Israel, comprising 63% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Singapore, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.2% per year) and Singapore (-38.3% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Singapore ($X per ton), while the average price for exports to Switzerland ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Israel

In 2021, overseas purchases of fluoropolymers decreased by -9.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.3% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 63% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, fluoropolymers imports fell to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value 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. The pace of growth appeared the most rapid in 2015 when imports increased by 56%. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, the United States (X tons) constituted the largest fluoropolymers supplier to Israel, accounting for a 36% share of total imports. Moreover, fluoropolymers imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.4% per year) and Germany (+12.6% per year).

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest fluoropolymers suppliers to Israel, with a combined 66% share of total imports. China, France, Italy, Belgium and Switzerland lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, China, with a CAGR of +70.1%, recorded the highest rates of growth with regard to 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 2021, the average fluoropolymers import price amounted to $X per ton, growing by 2% against the previous year. Overall, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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