Israel: Market for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium 2024

Market Size for Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium in Israel

The Israeli aqueous paint and varnish market soared to $X in 2021, picking up by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Exports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Exports from Israel

In 2021, approx. X tons of paints and varnishes dispersed or dissolved in an aqueous medium were exported from Israel; waning by -38.9% compared with 2020. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 8.6%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, aqueous paint and varnish exports shrank markedly to $X in 2021. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 18%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Jamaica (X tons) were the main destinations of aqueous paint and varnish exports from Israel, together comprising 41% of total exports. These countries were followed by Greece, Bulgaria, Russia, Cameroon, India, Ghana, Slovenia, the UK, Romania and Kenya, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +51.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aqueous paint and varnish exported from Israel were Germany ($X), Poland ($X) and Jamaica ($X), together comprising 36% of total exports. These countries were followed by Bulgaria, Cameroon, Greece, India, Russia, Ghana, the UK, Slovenia, Kenya and Romania, which together accounted for a further 50%.

The UK, with a CAGR of +57.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aqueous paint and varnish export price stood at $X per ton in 2021, picking up by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Poland ($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 Romania (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paints And Varnishes Dispersed Or Dissolved In An Aqueous Medium

Imports into Israel

For the third consecutive year, Israel recorded growth in purchases abroad of paints and varnishes dispersed or dissolved in an aqueous medium, which increased by 0.5% to X tons in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +127.3% against 2012 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, aqueous paint and varnish imports stood at $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.9% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of aqueous paint and varnish imports to Israel, together comprising 53% of total imports. Italy, Spain, Cyprus, the UK, the Netherlands, Denmark and South Africa lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +46.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aqueous paint and varnish suppliers to Israel were Germany ($X), Belgium ($X) and the United States ($X), together comprising 49% of total imports. Cyprus, Spain, Italy, the UK, Denmark, the Netherlands and South Africa lagged somewhat behind, together comprising a further 40%.

Spain, with a CAGR of +47.7%, recorded 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 2021, the average aqueous paint and varnish import price amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Cyprus ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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