Israel: Molluscs Market 2024

Molluscs Market Size in Israel

In 2021, the Israeli molluscs market increased by 1.2% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.5%. Molluscs consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in Israel

In value terms, molluscs production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 17%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Molluscs Exports

Exports from Israel

In 2021, the amount of molluscs (scallops, mussels, cuttle fish, squid and octopus) exported from Israel skyrocketed to X tons, jumping by 63% against 2020 figures. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 842%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, molluscs exports skyrocketed to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 475%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Palestine (X tons) was the main destination for molluscs exports from Israel, accounting for a 44% share of total exports. Moreover, molluscs exports to Palestine exceeded the volume sent to the second major destination, Vietnam (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Palestine totaled +56.9%.

In value terms, Palestine ($X) remains the key foreign market for molluscs (scallops, mussels, cuttle fish, squid and octopus) exports from Israel, comprising 71% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Palestine totaled +67.5%.

Export Prices by Country

In 2021, the average molluscs export price amounted to $X per ton, reducing by -14.7% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 84%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+6.8%).

Molluscs Imports

Imports into Israel

Molluscs imports into Israel declined rapidly to X tons in 2021, which is down by -33.3% on the year before. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 42%. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank significantly in the following year.

In value terms, molluscs imports fell notably to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 56% 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

Vietnam (X tons), the UK (X tons) and Indonesia (X tons) were the main suppliers of molluscs imports to Israel, together accounting for 44% of total imports. Thailand, Canada, the United States, India, China, Australia, the Philippines and New Zealand lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +48.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest molluscs suppliers to Israel were Vietnam ($X), the UK ($X) and Canada ($X), with a combined 47% share of total imports. The United States, Thailand, China, India, Australia, New Zealand, the Philippines and Indonesia lagged somewhat behind, together comprising a further 18%.

Australia, with a CAGR of +53.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, with an increase of 7.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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