Israel: Glucose Market 2024

Glucose Market Size in Israel

In 2021, the Israeli glucose market increased by 44% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Glucose Exports

Exports from Israel

For the fifth year in a row, Israel recorded decline in overseas shipments of glucose and glucose syrup, which decreased by -39.9% to X tons in 2021. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 137% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, glucose exports plummeted to $X in 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2016 when exports increased by 115% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons), the United States (X tons) and Russia (X tons) were the main destinations of glucose exports from Israel, together comprising 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +32.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for glucose and glucose syrup exports from Israel, comprising 53% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.3% per year) and Russia (+30.2% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, reducing by -27.3% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 9%. 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 foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Ukraine ($X per ton), while the average price for exports to the United States ($X per ton) and Canada ($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 Ukraine (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Glucose Imports

Imports into Israel

In 2021, purchases abroad of glucose and glucose syrup increased by 35% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glucose imports skyrocketed to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest glucose supplier to Israel, accounting for a 59% share of total imports. Moreover, glucose imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+36.0% per year) and Thailand (+7.3% per year).

In value terms, China ($X) constituted the largest supplier of glucose and glucose syrup to Israel, comprising 62% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.5% share of total imports. It was followed by Thailand, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+31.7% per year) and Thailand (+5.0% per year).

Import Prices by Country

In 2021, the average glucose import price amounted to $X per ton, increasing by 3.6% against the previous year. Overall, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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