Israel: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Israel

The Israeli market for malt extract and food preparations of flour, meal, and starches reached $X in 2022, picking up by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +132.3% against 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Israel

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 572%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 619% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Israel, with a 81% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to the United States exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+914.6% per year) and the UK (+10.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Israel, comprising 81% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 7.1% share of total exports. It was followed by the UK, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+1,033.3% per year) and the UK (+11.6% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, picking up by 12% against the previous year. In general, the export price, however, showed a slight downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to France ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Israel

In 2022, imports of malt extract and food preparations of flour, meal, and starches into Israel contracted modestly to X tons, leveling off at 2021. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 47%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded sharply to $X in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +126.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Lithuania (X tons), Poland (X tons) and France (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Israel, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Poland ($X) and France ($X) constituted the largest malt extract and food preparations of flour, meal, and starch suppliers to Israel, together accounting for 60% of total imports.

Among the main suppliers, Poland, with a CAGR of +29.1%, saw the highest growth rate of 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

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by 7.8% against the previous year. Overall, the import price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($X per ton) and Lithuania ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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