Israel: Nitrites Market 2024

Nitrites Market Size in Israel

The Israeli nitrites market surged to $X in 2021, with an increase of 30% 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, consumption, however, showed a deep downturn. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Nitrites Exports

Exports from Israel

In 2021, the amount of nitrites exported from Israel declined to X tons, shrinking by -6.4% compared with the previous year's figure. Overall, exports recorded a sharp setback. The growth pace was the most rapid in 2015 with an increase of 16% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nitrites exports reduced slightly to $X in 2021. Over the period under review, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 9.8%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons), the Netherlands (X tons) and India (X tons) were the main destinations of nitrites exports from Israel, with a combined 84% share of total exports. These countries were followed by Spain, the United States, Argentina and Ethiopia, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for nitrites exported from Israel were Canada ($X), the Netherlands ($X) and India ($X), together comprising 76% of total exports. Spain, Argentina, the United States and Ethiopia lagged somewhat behind, together comprising a further 16%.

Spain, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average nitrites export price stood at $X per ton in 2021, rising by 3.1% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Ethiopia ($X per ton), while the average price for exports to India ($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 Ethiopia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrites Imports

Imports into Israel

Nitrites imports into Israel soared to X tons in 2021, picking up by 15% compared with the previous year's figure. In general, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 382% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nitrites imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 324%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of nitrites imports to Israel, with a combined 76% share of total imports. These countries were followed by China, Spain, France and the UK, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +19.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Spain ($X) were the largest nitrites suppliers to Israel, with a combined 72% share of total imports.

Spain, with a CAGR of +30.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrites import price stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2019 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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