Israel: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Israel

The Israeli plastic reservoir market contracted to $X in 2022, dropping by -7.2% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.2% against 2017 indices. Plastic reservoir consumption peaked at $X in 2021, and then shrank in the following year.

Plastic Reservoir Production in Israel

In value terms, plastic reservoir production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20% against the previous year. Plastic reservoir production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Plastic Reservoir Exports

Exports from Israel

In 2022, plastic reservoir exports from Israel reached X tons, increasing by 11% compared with the previous year. Over the period under review, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 68%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, plastic reservoir exports rose rapidly to $X in 2022. Overall, exports, however, showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Brazil (X tons) and Italy (X tons) were the main destinations of plastic reservoir exports from Israel, together accounting for 59% of total exports. Jordan, Australia, China, New Zealand, the Netherlands, Germany and the United States lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +52.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Brazil ($X) and Italy ($X) were the largest markets for plastic reservoir exported from Israel worldwide, together comprising 59% of total exports. Jordan, Australia, China, New Zealand, the Netherlands, Germany and the United States lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, China, with a CAGR of +57.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, dropping by -5.1% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic reservoir export price increased by +4.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Jordan ($X per ton), while the average price for exports to Germany ($X per ton) and China ($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 Venezuela (+73.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Israel

In 2022, the amount of plastic reservoirs, tanks and vats imported into Israel shrank dramatically to X tons, waning by -32.9% against 2021 figures. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 126%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, plastic reservoir imports shrank notably to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 127% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of plastic reservoir imports to Israel, together accounting for 72% of total imports. Turkey, the United States, the Netherlands and South Korea lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +80.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Israel were Italy ($X), Germany ($X) and Poland ($X), with a combined 72% share of total imports. Turkey, the United States, the Netherlands and South Korea lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, South Korea, with a CAGR of +118.0%, saw the highest rates of growth with regard to 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

In 2022, the average plastic reservoir import price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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