Israel: Polycarbonate Market 2024

Polycarbonate Market Size in Israel

The Israeli polycarbonate market shrank sharply to $X in 2022, which is down by -20.8% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +35.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Polycarbonate Production in Israel

In value terms, polycarbonate production amounted to $X in 2022 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Polycarbonate Exports

Exports from Israel

After three years of growth, overseas shipments of polycarbonates (in primary forms) decreased by -25.1% to X tons in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 43%. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, polycarbonate exports contracted to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons), Russia (X tons) and Italy (X tons) were the main destinations of polycarbonate exports from Israel, with a combined 47% share of total exports. Turkey, the UK, Chile, Germany, Bulgaria, Spain, Colombia, India, France and Sweden lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +90.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarbonate exported from Israel were the United States ($X), Russia ($X) and Italy ($X), with a combined 47% share of total exports. Turkey, the UK, Chile, Germany, Bulgaria, Spain, Colombia, India, France and Sweden lagged somewhat behind, together accounting for a further 43%.

Turkey, with a CAGR of +97.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 polycarbonate export price stood at $X per ton in 2022, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Bulgaria ($X per ton), while the average price for exports to France ($X per ton) and Italy ($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 Colombia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Israel

In 2022, the amount of polycarbonates (in primary forms) imported into Israel declined notably to X tons, shrinking by -35.4% on the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarbonate imports dropped dramatically to $X in 2022. Over the period under review, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 95%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

China (X tons), Belgium (X tons) and South Korea (X tons) were the main suppliers of polycarbonate imports to Israel, with a combined 64% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +104.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate suppliers to Israel were China ($X), Belgium ($X) and South Korea ($X), together accounting for 64% of total imports.

In terms of the main suppliers, China, with a CAGR of +108.9%, saw the highest growth rate of 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

The average polycarbonate import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarbonate import price increased by +36.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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