Israel: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Israel

In 2022, after two years of growth, there was significant decline in the Israeli synthetic organic colouring matters market, when its value decreased by -14% to $X. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.4% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Exports of Other Synthetic Organic Colouring Matters

Exports from Israel

In 2022, approx. X tons of other synthetic organic colouring matters were exported from Israel; increasing by 109% on 2021 figures. Over the period under review, exports, however, saw a abrupt slump. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Russia (X tons) and Turkey (X tons) were the main destinations of synthetic organic colouring matters exports from Israel, together comprising 72% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +87.0%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Russia ($X) and Turkey ($X) appeared to be the largest markets for synthetic organic colouring matters exported from Israel worldwide, with a combined 66% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +86.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, with a decrease of -17.5% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters export price decreased by -29.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 43%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Israel

In 2022, after two years of growth, there was significant decline in overseas purchases of other synthetic organic colouring matters, when their volume decreased by -15.5% to X tons. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Over the period under review, imports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, synthetic organic colouring matters imports shrank to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of synthetic organic colouring matters imports to Israel, together comprising 57% of total imports. The United States, the Netherlands, Greece, South Korea, the UK, Spain, Switzerland, Canada, Belgium and Turkey lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +63.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Israel were China ($X), Germany ($X) and India ($X), together accounting for 51% of total imports. The United States, Greece, the Netherlands, South Korea, the UK, Spain, Switzerland, Canada, Belgium and Turkey lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, South Korea, with a CAGR of +64.0%, saw the highest rates of growth with regard to 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 2022, the average synthetic organic colouring matters import price amounted to $X per ton, picking up by 9.9% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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