Israel: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Israel

The Israeli sodium phosphates market reached $X in 2021, flattening at the previous year. Over the period under review, consumption, however, recorded a resilient increase. Sodium phosphates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sodium Phosphates Production in Israel

In value terms, sodium phosphates production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 26%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Sodium Phosphates Exports

Exports from Israel

In 2021, overseas shipments of phosphates of mono- or di-sodium increased by 201% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, faced a significant decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sodium phosphates exports soared to $X in 2021. Overall, exports, however, faced a sharp reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), the Netherlands (X tons) and Peru (X tons) were the main destinations of sodium phosphates exports from Israel, together comprising 55% of total exports. These countries were followed by the UK, Mexico, Argentina, Denmark, Bolivia, the United States, Italy, Kenya, Germany and Finland, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +21.2%), while shipments for the other leaders experienced a decline.

In value terms, Canada ($X), Peru ($X) and the Netherlands ($X) constituted the largest markets for sodium phosphates exported from Israel worldwide, with a combined 59% share of total exports. These countries were followed by the UK, Mexico, Argentina, Germany, Bolivia, the United States, Italy, Denmark, Kenya and Finland, which together accounted for a further 36%.

Among the main countries of destination, Argentina, with a CAGR of +26.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, picking up by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2019 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kenya ($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 Germany (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Phosphates Imports

Imports into Israel

In 2021, imports of phosphates of mono- or di-sodium into Israel fell remarkably to X tons, with a decrease of -29.4% on 2020 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 72%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, sodium phosphates imports declined rapidly to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -38.6% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 79% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest sodium phosphates supplier to Israel, with a 46% share of total imports. Moreover, sodium phosphates imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.3% per year) and the United States (-5.2% per year).

In value terms, Germany ($X) constituted the largest supplier of phosphates of mono- or di-sodium to Israel, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by the United States, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.3% per year) and the United States (-2.8% per year).

Import Prices by Country

The average sodium phosphates import price stood at $X per ton in 2021, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and the Netherlands ($X per ton), while the price for the UK ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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