Israel: Market for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium in Israel

In 2022, the Israeli non-aqueous paint and varnish market decreased by -0.1% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, leveling off in the following year.

Exports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Exports from Israel

Non-aqueous paint and varnish exports from Israel fell rapidly to X tons in 2022, waning by -26% compared with 2021 figures. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-aqueous paint and varnish exports dropped significantly to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for non-aqueous paint and varnish exports from Israel, with a 27% share of total exports. Moreover, non-aqueous paint and varnish exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Slovenia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+41.3% per year) and Slovenia (+25.0% per year).

In value terms, the UK ($X) remains the key foreign market for paints and varnishes dispersed or dissolved in a non-aqueous medium exports from Israel, comprising 27% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Slovenia, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+43.5% per year) and Slovenia (+25.7% per year).

Export Prices by Country

In 2022, the average non-aqueous paint and varnish export price amounted to $X per ton, growing by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and the United States ($X per ton), while the average price for exports to Greece ($X per ton) and Singapore ($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 France (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In A Non-Aqueous Medium

Imports into Israel

In 2022, imports of paints and varnishes dispersed or dissolved in a non-aqueous medium into Israel shrank to X tons, which is down by -9.5% against 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 14%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, non-aqueous paint and varnish imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of non-aqueous paint and varnish imports to Israel, with a combined 49% share of total imports. Japan, Spain, the UK, the Netherlands, Belgium and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Japan ($X) and Germany ($X) constituted the largest non-aqueous paint and varnish suppliers to Israel, with a combined 49% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +23.0%, 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

The average non-aqueous paint and varnish import price stood at $X per ton in 2022, surging by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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