Israel: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Israel

The Israeli medical gel preparations market fell slightly to $X in 2022, shrinking by -2.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Production in Israel

In value terms, medical gel preparations production rose notably to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 63%. Medical gel preparations production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Medical Gel Preparations Exports

Exports from Israel

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 202% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 273%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations exports surged to $X in 2022. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 259%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for medical gel preparations exports from Israel, accounting for a 62% share of total exports. Moreover, medical gel preparations exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+105.8% per year) and Hong Kong SAR (+96.7% per year).

In value terms, China ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the largest markets for medical gel preparations exported from Israel worldwide, with a combined 72% share of total exports.

Among the main countries of destination, China, with a CAGR of +112.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medical gel preparations export price stood at $X per ton in 2022, falling by -55.9% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 22%. The export price peaked at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 Australia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Gel Preparations Imports

Imports into Israel

Medical gel preparations imports into Israel surged to X tons in 2022, with an increase of 44% against 2021. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest medical gel preparations supplier to Israel, with a 59% share of total imports. Moreover, medical gel preparations imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.5% per year) and Denmark (+16.3% per year).

In value terms, the United States ($X) constituted the largest supplier of gel preparations for human or veterinary medicine to Israel, comprising 48% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.1% per year) and Germany (+0.7% per year).

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, falling by -2.1% against the previous year. Overall, 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 74% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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