Israel: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2025

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Israel

In 2021, the Israeli market for palmitic acid, stearic acid, their salts and esters increased by 70% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Israel

In 2021, exports of palmitic acid, stearic acid, their salts and esters from Israel reduced markedly to X tons, which is down by -67.3% against 2020 figures. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 427%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters contracted remarkably to $X in 2021. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 531% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Israel, accounting for a 74% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Portugal exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest.

In value terms, Portugal ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Israel, comprising 74% of total exports. The second position in the ranking was taken by the United States ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal totaled +27.3%.

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 42%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Portugal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Israel

In 2021, approx. X tons of palmitic acid, stearic acid, their salts and esters were imported into Israel; jumping by 42% compared with the year before. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 61% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Italy (X tons) and Indonesia (X tons) were the main suppliers of imports of palmitic acid, stearic acid, their salts and esters to Israel, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +62.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest palmitic acid, stearic acid, their salts and esters suppliers to Israel were Malaysia ($X), Italy ($X) and Indonesia ($X), together comprising 76% of total imports.

Indonesia, with a CAGR of +60.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, with an increase of 26% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and Indonesia ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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