Israel: Market for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium 2024

Market Size for Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Israel

The Israeli market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium reached $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium in Israel

In value terms, production of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; 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 2013 with an increase of 33%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Exports from Israel

Exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Israel skyrocketed to X tons in 2022, picking up by 156% compared with 2021 figures. In general, exports showed resilient growth. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Jamaica (X tons) was the main destination for exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium from Israel, with a 73% share of total exports. Moreover, exports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Jamaica exceeded the volume sent to the second major destination, Russia (X tons), eightfold. The third position in this ranking was held by Bulgaria (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jamaica stood at +73.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+15.0% per year) and Bulgaria (+44.0% per year).

In value terms, Jamaica ($X) remains the key foreign market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium exports from Israel, comprising 73% of total exports. The second position in the ranking was held by Russia ($X), with a 9.7% share of total exports. It was followed by Bulgaria, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Jamaica amounted to +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+22.6% per year) and Bulgaria (+50.4% per year).

Export Prices by Country

In 2022, the average export price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Russia ($X per ton), while the average price for exports to Jamaica ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes, Based On Acrylic Or Vinyl Polymers, Aqueous Medium

Imports into Israel

In 2022, supplies from abroad of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium decreased by -4% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. Over the period under review, imports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of imports of paints and varnishes, based on acrylic or vinyl polymers, aqueous medium to Israel, with a combined 63% share of total imports. Italy, the Netherlands, Cyprus, Spain, Ireland, the UK, South Africa, Poland and Denmark lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paints and varnishes, based on acrylic or vinyl polymers, aqueous medium suppliers to Israel were Germany ($X), Belgium ($X) and the United States ($X), with a combined 63% share of total imports. Italy, the Netherlands, Cyprus, Spain, Ireland, the UK, South Africa, Poland and Denmark lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Spain, with a CAGR of +39.7%, saw the highest growth rate of 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 import price for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 11%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Cyprus ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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