Israel: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Israel

The Israeli market for oleic, linoleic or linolenic acids, their salts and esters surged to $X in 2021, with an increase of 260% 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, recorded a abrupt contraction. Oleic, linoleic or linolenic acids consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Israel

In 2021, approx. X kg of oleic, linoleic or linolenic acids, their salts and esters were exported from Israel; with a decrease of -19% compared with the year before. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 660%. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, oleic, linoleic or linolenic acids exports dropped remarkably to $X in 2021. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 1,053%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

India (X kg), China (X kg) and Switzerland (X kg) were the main destinations of oleic, linoleic or linolenic acids exports from Israel, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Israel, comprising 90% of total exports. The second position in the ranking was taken by China ($X), with a 5.1% share of total exports. It was followed by Switzerland, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.6% per year) and Switzerland (-11.5% per year).

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, waning by -35.8% against the previous year. Over the period under review, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 70% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Switzerland ($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 India (+9.9%), while the prices for the other major destinations experienced a decline.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Israel

In 2021, the amount of oleic, linoleic or linolenic acids, their salts and esters imported into Israel skyrocketed to X tons, growing by 194% against the year before. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by 280% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, oleic, linoleic or linolenic acids imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 331% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Israel, accounting for a 57% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was taken by China (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+19.9% per year) and China (+31.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Israel, comprising 55% of total imports. The second position in the ranking was held by Singapore ($X), with a 5.8% share of total imports. It was followed by China, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+30.4% per year) and China (+30.1% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, rising by 37% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Singapore ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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