Israel: Market for Oil And Water Paints And Varnishes 2025

Market Size for Oil And Water Paints And Varnishes in Israel

The Israeli market for oil and water paints and varnishes fell to $X in 2021, declining by -5.6% 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). Overall, consumption recorded a slight curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Oil And Water Paints And Varnishes

Exports from Israel

Exports of oil and water paints and varnishes from Israel shrank remarkably to X tons in 2021, with a decrease of -39.5% compared with 2020 figures. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 655%. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of oil and water paints and varnishes shrank markedly to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 693% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Cyprus (X tons), Ghana (X tons) and the United States (X tons) were the main destinations of exports of oil and water paints and varnishes from Israel, with a combined 90% share of total exports. Moreover, exports of oil and water paints and varnishes in Cyprus exceeded the figures recorded by the second-largest exporter, Ghana, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +12.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oil and water paints and varnishes exported from Israel were Cyprus ($X), Ghana ($X) and the United States ($X), together accounting for 90% of total exports.

Cyprus, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for oil and water paints and varnishes amounted to $X per ton, which is down by -2.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton, and then fell modestly in the following year.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Ghana ($X per ton), while the average price for exports to India ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oil And Water Paints And Varnishes

Imports into Israel

Imports of oil and water paints and varnishes into Israel fell to X tons in 2021, reducing by -12.4% on 2020 figures. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2016 when imports increased by 35%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of oil and water paints and varnishes fell to $X in 2021. Overall, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by 27%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of oil and water paints and varnishes to Israel, with a 41% share of total imports. Moreover, imports of oil and water paints and varnishes from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.2% per year) and Turkey (+3.2% per year).

In value terms, Italy ($X) constituted the largest supplier of oil and water paints and varnishes to Israel, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Turkey, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.6% per year) and Turkey (+5.0% per year).

Import Prices by Country

The average import price for oil and water paints and varnishes stood at $X per ton in 2021, rising by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 an increase of 17%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Sweden ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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