Israel: Polyamide Market 2024

Polyamide Market Size in Israel

For the fifth consecutive year, the Israeli polyamide market recorded growth in sales value, which increased by 40% to $X in 2021. Overall, consumption posted a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyamide Production in Israel

In value terms, polyamide production rose markedly to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Polyamide Exports

Exports from Israel

In 2021, shipments abroad of polyamides (in primary forms) decreased by -12.4% to X tons, falling for the third year in a row after three years of growth. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyamide exports stood at $X in 2021. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polyamide exports from Israel, accounting for a 29% share of total exports. Moreover, polyamide exports to China exceeded the volume sent to the second major destination, France (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.4% per year) and Italy (-15.6% per year).

In value terms, China ($X) remains the key foreign market for polyamides (in primary forms) exports from Israel, comprising 29% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.0% per year) and Italy (-15.3% per year).

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, jumping by 18% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Romania ($X per ton), while the average price for exports to South Korea ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into Israel

In 2021, after three years of decline, there was significant growth in supplies from abroad of polyamides (in primary forms), when their volume increased by 114% to X tons. In general, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports soared to $X in 2021. Over the period under review, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of polyamide imports to Israel, together accounting for 61% of total imports. Switzerland, France, Russia, China, Italy, Belgium, the Czech Republic, Japan and the Netherlands lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +122.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Switzerland ($X) appeared to be the largest polyamide suppliers to Israel, with a combined 60% share of total imports. The United States, France, Russia, China, Italy, Belgium, the Czech Republic, Japan and the Netherlands lagged somewhat behind, together comprising a further 34%.

The Czech Republic, with a CAGR of +116.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyamide import price amounted to $X per ton, jumping by 16% against the previous year. Overall, the import price continues to indicate a mild expansion. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Switzerland ($X per ton) and the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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