Israel: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Israel

The Israeli aromatic monoamines market soared to $X in 2021, increasing by 73% against the previous year. Overall, consumption continues to indicate noticeable growth. Aromatic monoamines consumption peaked in 2021 and is likely to see gradual growth in years to come.

Aromatic Monoamines Production in Israel

In value terms, aromatic monoamines production soared to $X in 2021 estimated in export price. In general, production saw resilient growth. 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.

Aromatic Monoamines Exports

Exports from Israel

In 2021, shipments abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -51.7% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2015 with an increase of 157% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aromatic monoamines exports declined remarkably to $X in 2021. Over the period under review, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Canada (X tons) and Germany (X tons) were the main destinations of aromatic monoamines exports from Israel, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +44.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Canada ($X) and Germany ($X) were the largest markets for aromatic monoamines exported from Israel worldwide, with a combined 93% share of total exports.

Canada, with a CAGR of +25.4%, 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 mixed trend patterns.

Export Prices by Country

The average aromatic monoamines export price stood at $X per ton in 2021, falling by -3.1% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 59%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+1.9%), while the prices for the other major destinations experienced a decline.

Aromatic Monoamines Imports

Imports into Israel

In 2021, purchases abroad of other aromatic monoamines and their derivatives, salts thereof increased by 40% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 49%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, aromatic monoamines imports dropped to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 15%. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest aromatic monoamines supplier to Israel, accounting for a 68% share of total imports. Moreover, aromatic monoamines imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +57.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.1% per year) and India (-21.7% per year).

In value terms, China ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Israel, comprising 54% of total imports. The second position in the ranking was held by India ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.7% per year) and Italy (+32.9% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, declining by -31.3% against the previous year. Overall, the import price, however, enjoyed a modest increase. The growth pace was the most rapid in 2014 an increase of 59%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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