Israel: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Israel

The Israeli market for lauric acid and other acids, their salts and esters reduced remarkably to $X in 2021, with a decrease of -20.1% against the previous year. Overall, consumption saw a pronounced contraction. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Israel

In value terms, production of lauric acid and other acids, their salts and esters dropped dramatically to $X in 2021 estimated in export price. In general, production showed a abrupt decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 96%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Israel

For the fourth year in a row, Israel recorded growth in shipments abroad of lauric acid and other acids, their salts and esters, which increased by 17% to X tons in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.5% against 2017 indices. The growth pace was the most rapid in 2019 when exports increased by 57%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of lauric acid and other acids, their salts and esters soared to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +130.0% against 2017 indices. The pace of growth was the most pronounced in 2019 when exports increased by 50% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Israel, accounting for a 37% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to Italy exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+154.9% per year) and the United States (+20.1% per year).

In value terms, Italy ($X) emerged as the key foreign market for lauric acid and other acids, their salts and esters exports from Israel, comprising 37% of total exports. The second position in the ranking was held by China ($X), with a 19% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+152.1% per year) and the United States (+19.7% per year).

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, growing by 8.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Slovenia ($X per ton) and India ($X per ton), while the average price for exports to Italy ($X per ton) and France ($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 India (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Israel

Imports of lauric acid and other acids, their salts and esters into Israel shrank to X tons in 2021, reducing by -6.5% on the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 43%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of lauric acid and other acids, their salts and esters rose notably to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Turkey (X tons) and Singapore (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Israel, together accounting for 55% of total imports. The United States, Switzerland, France, Belgium, China, Malaysia, the Netherlands, India and Indonesia lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Singapore ($X) appeared to be the largest lauric acid and other acids, their salts and esters suppliers to Israel, with a combined 54% share of total imports. These countries were followed by the United States, Switzerland, France, Belgium, China, Malaysia, the Netherlands, India and Indonesia, which together accounted for a further 42%.

Among the main suppliers, Belgium, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, increasing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per ton) and Malaysia ($X per ton), while the price for Turkey ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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