Israel: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Israel

In 2022, the Israeli phenylacetic acid market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Phenylacetic Acid Exports

Exports from Israel

After three years of growth, overseas shipments of phenylacetic acid, its salts and esters decreased by X% to X tons in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenylacetic acid exports reduced remarkably to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Canada (X kg) and China (X kg) were the main destinations of phenylacetic acid exports from Israel, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for phenylacetic acid exported from Israel were India ($X), Canada ($X) and China ($X), together comprising X% of total exports.

China, with a CAGR of X%, 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 phenylacetic acid export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Phenylacetic Acid Imports

Imports into Israel

In 2022, the amount of phenylacetic acid, its salts and esters imported into Israel amounted to X tons, surging by X% against the year before. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, phenylacetic acid imports shrank to $X in 2022. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest phenylacetic acid supplier to Israel, with a X% share of total imports. Moreover, phenylacetic acid imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, India ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Israel, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenylacetic acid import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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