Israel: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Israel

In 2022, the Israeli odoriferous substance mixture market decreased by -6.6% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, posted strong growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Odoriferous Substance Mixture Production in Israel

In value terms, odoriferous substance mixture production declined to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Israel

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Israel reduced to X tons, declining by -10.3% on 2021. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, odoriferous substance mixture exports dropped to $X in 2022. Overall, exports recorded a abrupt setback. The smallest decline of -2.4% was in 2017. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), the United States (X tons) and Russia (X tons) were the main destinations of odoriferous substance mixture exports from Israel, with a combined 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Russia ($X) and the United States ($X) were the largest markets for odoriferous substance mixture exported from Israel worldwide, together accounting for 39% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +11.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, with an increase of 3.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Spain ($X per ton), while the average price for exports to Kenya ($X per ton) and Ireland ($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 Spain (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Israel

In 2022, overseas purchases of mixtures of odoriferous substances and their preparations decreased by -11.5% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 60%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, odoriferous substance mixture imports declined to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Ireland (X tons) constituted the largest supplier of odoriferous substance mixture to Israel, with a 52% share of total imports. Moreover, odoriferous substance mixture imports from Ireland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Ireland stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and the Netherlands (+5.6% per year).

In value terms, Ireland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Israel, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the Netherlands, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Ireland stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and the Netherlands (+7.2% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 an increase of 5.8% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Germany ($X per ton), while the price for Ireland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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