Israel: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Israel

The Israeli phosphoric acid market shrank markedly to $X in 2022, with a decrease of -24.9% against the previous year. In general, consumption saw a deep reduction. Phosphoric acid consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Phosphoric Acid Production in Israel

In value terms, phosphoric acid production expanded to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Phosphoric Acid Exports

Exports from Israel

In 2022, the amount of phosphoric acid and polyphosphoric acids exported from Israel surged to X tons, growing by 54% compared with 2021. Overall, exports recorded strong growth. The growth pace was the most rapid in 2015 when exports increased by 92% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports surged to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for phosphoric acid exports from Israel, with a 34% share of total exports. Moreover, phosphoric acid exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.7% per year) and Brazil (+134.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Israel, comprising 34% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Brazil, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.3% per year) and Brazil (+130.0% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, increasing by 32% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($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 India (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Israel

In 2022, purchases abroad of phosphoric acid and polyphosphoric acids was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a perceptible expansion. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, phosphoric acid imports surged to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphoric acid to Israel, with a 75% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.4% per year) and Germany (-9.9% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Israel, comprising 75% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Germany, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.3% per year) and Germany (-10.0% per year).

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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