Israel: Phenols Market 2024

Phenols Market Size in Israel

The Israeli phenols market declined notably to $X in 2022, falling by X% against the previous year. Overall, consumption posted prominent growth. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Phenols Production in Israel

In value terms, phenols production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Phenols production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phenols Exports

Exports from Israel

In 2022, exports of phenols from Israel reduced dramatically to X tons, falling by X% on the year before. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, phenols exports amounted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for phenols exports from Israel, with a X% share of total exports. Moreover, phenols exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

In value terms, China ($X) remains the key foreign market for phenols exports from Israel, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The average phenols export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price posted notable growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and China ($X per ton), while the average price for exports to Belgium ($X per ton) and the United States ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Israel

In 2022, the amount of phenols imported into Israel fell significantly to X tons, which is down by X% on the previous year's figure. Overall, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, phenols imports fell sharply to $X in 2022. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Switzerland (X tons) were the main suppliers of phenols imports to Israel, together comprising X% of total imports. Germany, the United States, Japan, Spain, Singapore, China, Thailand, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Germany ($X) constituted the largest phenols suppliers to Israel, with a combined X% share of total imports. The United States, Japan, Switzerland, China, Spain, Singapore, Thailand, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, 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

The average phenols import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

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

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

Source: IndexBox Platform

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