Israel: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Israel

In 2021, the Israeli prepared dish and meal market decreased by -18.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated perceptible growth 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. Based on 2021 figures, consumption increased by +10.1% against 2017 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Dishes And Meals in Israel

In value terms, prepared dish and meal production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 47%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Israel

In 2021, overseas shipments of prepared dishes and meals increased by 28% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, prepared dish and meal exports surged to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for prepared dish and meal exports from Israel, accounting for a 20% share of total exports. Moreover, prepared dish and meal exports to the United States exceeded the volume sent to the second major destination, Slovenia (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+35.7% per year) and China (+13.7% per year).

In value terms, the United States ($X) remains the key foreign market for prepared dishes and meals exports from Israel, comprising 20% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 9.7% share of total exports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+39.0% per year) and China (+16.5% per year).

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, surging by 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2015 when the average export price increased by 21%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Romania ($X per ton), while the average price for exports to Sweden ($X per ton) and Canada ($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 Slovenia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Israel

In 2021, supplies from abroad of prepared dishes and meals increased by 6% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 17%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, prepared dish and meal imports amounted to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 14%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of prepared dish and meal to Israel, with a 25% share of total imports. Moreover, prepared dish and meal imports from Poland exceeded the figures recorded by the second-largest supplier, Ireland (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-8.4% per year) and the United States (-2.3% per year).

In value terms, Ireland ($X), the United States ($X) and the Netherlands ($X) constituted the largest prepared dish and meal suppliers to Israel, together accounting for 46% of total imports. Poland, Germany, Turkey, Denmark, Italy, France, the UK, Thailand, China and Latvia lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Latvia, with a CAGR of +54.3%, saw 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 prepared dish and meal import price amounted to $X per ton, falling by -4.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 an increase of 12%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Ireland ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :