Israel: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Israel

The Israeli iron oxide pigment market amounted to $X in 2021, rising by 5% against the previous year. In general, consumption, however, showed a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Iron Oxide Pigment Production in Israel

In value terms, iron oxide pigment production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 95%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Iron Oxide Pigment Exports

Exports from Israel

In 2021, after two years of decline, there was significant growth in overseas shipments of iron oxide pigments, when their volume increased by 281% to X tons. Overall, exports recorded a buoyant increase. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, iron oxide pigment exports skyrocketed to $X in 2021. In general, exports saw a prominent increase. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for iron oxide pigment exports from Israel, with a 79% share of total exports. Moreover, iron oxide pigment exports to France exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+50.2% per year) and Russia (+110.2% per year).

In value terms, France ($X) remains the key foreign market for iron oxide pigments exports from Israel, comprising 46% of total exports. The second position in the ranking was taken by Russia ($X), with a 0.9% share of total exports. It was followed by Ukraine, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+83.7% per year) and Ukraine (+29.2% per year).

Export Prices by Country

In 2021, the average iron oxide pigment export price amounted to $X per ton, increasing by 90% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($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 Turkey (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Iron Oxide Pigment Imports

Imports into Israel

In 2021, supplies from abroad of iron oxide pigments decreased by -11.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 83%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, iron oxide pigment imports expanded modestly to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 +2.8% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of iron oxide pigment to Israel, accounting for a 42% share of total imports. Moreover, iron oxide pigment imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Switzerland (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.5% per year) and Switzerland (+1.1% per year).

In value terms, Germany ($X) constituted the largest supplier of iron oxide pigments to Israel, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.4% per year) and Switzerland (-2.3% per year).

Import Prices by Country

The average iron oxide pigment import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Canada ($X per ton) and Hong Kong SAR ($X per ton), while the price for Switzerland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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