Israel: Soft Drink Market 2024

Soft Drink Market Size in Israel

In 2021, the Israeli soft drink market decreased by -6.1% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Soft drink consumption peaked at $X in 2020, and then dropped in the following year.

Soft Drink Production in Israel

In value terms, soft drink production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 32% against the previous year. Soft drink production peaked at $X in 2020, and then declined in the following year.

Soft Drink Exports

Exports from Israel

After two years of growth, shipments abroad of soft drinks decreased by -1.1% to X litres in 2021. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 102%. As a result, the exports attained the peak of X litres, and then shrank slightly in the following year.

In value terms, soft drink exports dropped to $X in 2021. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 123%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

France (X litres), the United States (X litres) and Sweden (X litres) were the main destinations of soft drink exports from Israel, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +140.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for soft drink exports from Israel, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Sweden, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.8% per year) and Sweden (+147.4% per year).

Export Prices by Country

In 2021, the average soft drink export price amounted to $X per litre, remaining constant against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soft drink export price increased by +54.6% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2020, and then shrank in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Sweden ($X per litre) and Slovenia ($X per litre), while the average price for exports to Belgium ($X per litre) and the United States ($X per litre) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Soft Drink Imports

Imports into Israel

After two years of growth, purchases abroad of soft drinks decreased by -6.6% to X litres in 2021. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. As a result, imports reached the peak of X litres, and then shrank in the following year.

In value terms, soft drink imports surged to $X in 2021. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 35%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Poland (X litres) constituted the largest soft drink supplier to Israel, with a 23% share of total imports. Moreover, soft drink imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. Turkey (X litres) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.5% per year) and Turkey (+44.1% per year).

In value terms, Poland ($X), Italy ($X) and Turkey ($X) appeared to be the largest soft drink suppliers to Israel, together accounting for 44% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +44.9%, 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 2021, the average soft drink import price amounted to $X per litre, growing by 28% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Taiwan (Chinese) ($X per litre) and Belgium ($X per litre), while the price for Georgia ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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