Israel: Packaging Materials Market 2024

Packaging Materials Market Size in Israel

In 2022, the Israeli packaging materials market increased by 28% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Packaging Materials Production in Israel

In value terms, packaging materials production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Packaging Materials Exports

Exports from Israel

In 2022, approx. X tons of packaging materials were exported from Israel; with an increase of 24% compared with the year before. In general, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 79%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, packaging materials exports soared to $X in 2022. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for packaging materials exports from Israel, with a 78% share of total exports. Moreover, packaging materials exports to Turkey exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. Palestine (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.3% per year) and Palestine (+2.7% per year).

In value terms, Turkey ($X) remains the key foreign market for packaging materials exports from Israel, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.1% share of total exports. It was followed by Palestine, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+22.9% per year) and Palestine (+1.1% per year).

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, jumping by 41% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, packaging materials export price increased by +106.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Egypt ($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 Italy (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Packaging Materials Imports

Imports into Israel

In 2022, approx. X tons of packaging materials were imported into Israel; jumping by 19% against 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, packaging materials imports skyrocketed to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +59.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of packaging materials to Israel, with a 26% share of total imports. Moreover, packaging materials imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.3% per year) and Italy (+3.0% per year).

In value terms, the largest packaging materials suppliers to Israel were Germany ($X), the United States ($X) and China ($X), with a combined 41% share of total imports. Italy, Austria, Sweden, Finland, Poland, Spain, Turkey, Russia, India and France lagged somewhat behind, together comprising a further 49%.

India, with a CAGR of +49.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 packaging materials import price amounted to $X per ton, growing by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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