Israel: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Israel

In 2022, the Israeli glass in the mass market increased by 121% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible downturn. Glass in the mass consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Glass in The Mass in Israel

In value terms, glass in the mass production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 46%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Glass in The Mass

Exports from Israel

In 2022, after two years of growth, there was significant decline in overseas shipments of glass in the mass, when their volume decreased by -46.8% to X tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,668%. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, glass in the mass exports skyrocketed to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 4,189%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for glass in the mass exports from Israel, with a 86% share of total exports. Moreover, glass in the mass exports to Turkey exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+49.5% per year) and Italy (+67.8% per year).

In value terms, Italy ($X) remains the key foreign market for glass in the mass exports from Israel, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +124.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+59.2% per year) and Spain (+73.2% per year).

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, rising by 179% against the previous year. In general, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Italy (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass in The Mass

Imports into Israel

In 2022, glass in the mass imports into Israel rose sharply to X tons, picking up by 9.6% against the previous year. In general, imports recorded a modest increase. The growth pace was the most rapid in 2014 with an increase of 85%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass in the mass imports expanded modestly to $X in 2022. Overall, imports, however, saw a slight curtailment. The growth pace was the most rapid in 2014 with an increase of 75% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest glass in the mass supplier to Israel, accounting for a 84% share of total imports. Moreover, glass in the mass imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+47.3% per year) and Turkey (-27.8% per year).

In value terms, Spain ($X) constituted the largest supplier of glass in the mass to Israel, comprising 90% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+35.0% per year) and Turkey (-27.9% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, which is down by -6.4% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 6.9%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, 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 Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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