Israel: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Israel

The Israeli high-tenacity filament polyester yarn market contracted to $X in 2021, waning by -13% against the previous year. Overall, consumption, however, enjoyed strong growth. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of High-Tenacity Filament Yarn Of Polyesters in Israel

In value terms, high-tenacity filament polyester yarn production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 71% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Israel

In 2021, exports of high-tenacity filament yarn of polyesters from Israel soared to X tons, picking up by 559% on the year before. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 940%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 1,726% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons), South Africa (X tons) and Jordan (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Israel, together comprising 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Israel were Egypt ($X), Chile ($X) and South Africa ($X), with a combined 73% share of total exports.

South Africa, with a CAGR of +53.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, picking up by 6.2% against the previous year. In general, the export price saw a pronounced expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 76% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Israel

For the fourth year in a row, Israel recorded decline in overseas purchases of high-tenacity filament yarn of polyesters, which decreased by -1.3% to X tons in 2021. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 660% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports expanded significantly to $X in 2021. Overall, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 374% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), Germany (X tons) and Vietnam (X tons) were the main suppliers of high-tenacity filament polyester yarn imports to Israel, together comprising 50% of total imports. These countries were followed by China, the UK, India, South Korea and Taiwan (Chinese), which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +62.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Germany ($X) constituted the largest high-tenacity filament polyester yarn suppliers to Israel, with a combined 46% share of total imports. These countries were followed by China, the UK, India, South Korea and Taiwan (Chinese), which together accounted for a further 28%.

South Korea, with a CAGR of +50.8%, recorded the highest growth rate of the value of imports, in terms of 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 high-tenacity filament polyester yarn import price stood at $X per ton in 2021, rising by 10% against the previous year. Overall, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Vietnam ($X per ton) and India ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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