Israel: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Israel

The Israeli aromatic hydrocarbons derivatives market fell to $X in 2021, which is down by -12.1% against the previous year. In general, consumption, however, posted a resilient expansion. Aromatic hydrocarbons derivatives consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Aromatic Hydrocarbons Derivatives Production in Israel

In value terms, aromatic hydrocarbons derivatives production fell notably to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 894%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports from Israel

In 2021, overseas shipments of halogenated derivatives of aromatic hydrocarbons were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a sharp decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports rose markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 162%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for aromatic hydrocarbons derivatives exports from Israel, accounting for a 41% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to Canada exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +25,233.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.3% per year) and the Netherlands (-22.3% per year).

In value terms, Canada ($X) remains the key foreign market for halogenated derivatives of aromatic hydrocarbons exports from Israel, comprising 40% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.7% per year) and the Netherlands (-10.3% per year).

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per kg in 2021, declining by -99.5% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 4,142% against the previous year. The export price peaked at $X per kg in 2020, and then declined sharply in the following year.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per kg) and the United States ($X per kg), while the average price for exports to Belgium ($X per kg) and Canada ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+136.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Israel

In 2021, approx. X tons of halogenated derivatives of aromatic hydrocarbons were imported into Israel; increasing by 11% on 2020. Overall, imports recorded a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports surged to $X in 2021. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 113% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aromatic hydrocarbons derivatives supplier to Israel, with a 59% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and India (+0.7% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of aromatic hydrocarbons to Israel, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.4% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.6% per year) and Germany (-1.9% per year).

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, increasing by 19% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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