Israel: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Israel

The Israeli glass fibres and wool market totaled $X in 2022, rising by 2.1% against the previous year. Overall, consumption saw a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Glass Fibres And Glass Wool in Israel

In value terms, glass fibres and wool production amounted to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 56% against the previous year. Glass fibres and wool production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Glass Fibres And Glass Wool

Exports from Israel

In 2022, shipments abroad of glass fibres and glass wool was finally on the rise to reach X tons after three years of decline. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibres and wool exports soared to $X in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for glass fibres and wool exports from Israel, with a 85% share of total exports. Moreover, glass fibres and wool exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Slovenia (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.9% per year) and Slovenia (+657.2% per year).

In value terms, Japan ($X) emerged as the key foreign market for glass fibres and glass wool exports from Israel, comprising 85% of total exports. The second position in the ranking was held by the United States ($X), with a 6% share of total exports. It was followed by Slovenia, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled +128.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+77.3% per year) and Slovenia (+673.5% per year).

Export Prices by Country

In 2022, the average glass fibres and wool export price amounted to $X per ton, dropping by -3.7% against the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 110% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Japan ($X per ton), while the average price for exports to Germany ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Israel

Glass fibres and wool imports into Israel soared to X tons in 2022, jumping by 113% on 2021 figures. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibres and wool imports surged to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and the United States (X tons) were the main suppliers of glass fibres and wool imports to Israel, together accounting for 73% of total imports. India, Germany, Hong Kong SAR, France, the UK, Italy, South Korea and Switzerland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +46.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the United States ($X) were the largest glass fibres and wool suppliers to Israel, with a combined 73% share of total imports. India, Germany, Hong Kong SAR, France, the UK, Italy, South Korea and Switzerland lagged somewhat behind, together accounting for a further 21%.

India, with a CAGR of +57.6%, 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 glass fibres and wool import price stood at $X per ton in 2022, growing by 71% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibres and wool import price increased by +104.0% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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