Israel: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Israel

For the third consecutive year, the Israeli polyethylene glycol and polyether market recorded growth in sales value, which increased by 16% to $X in 2021. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.4% against 2016 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Israel

In 2021, polyethylene glycol and polyether exports from Israel expanded remarkably to X tons, surging by 11% compared with 2020. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 143%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 139% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons), Jordan (X tons) and the United States (X tons) were the main destinations of polyethylene glycol and polyether exports from Israel, together comprising 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +251.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Jordan ($X) and the United States ($X) were the largest markets for polyethylene glycol and polyether exported from Israel worldwide, with a combined 82% share of total exports.

Among the main countries of destination, Russia, with a CAGR of +266.6%, 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

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, rising by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. 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 export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per ton) and Russia ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($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 Singapore (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Israel

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were imported into Israel; almost unchanged from 2020. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of polyethylene glycol and polyether imports to Israel, together comprising 65% of total imports. These countries were followed by China, the United States, Singapore, Belgium, France, Spain, Switzerland, India and Romania, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) were the largest polyethylene glycol and polyether suppliers to Israel, with a combined 65% share of total imports. These countries were followed by China, the United States, Singapore, Belgium, France, Spain, Switzerland, Romania and India, which together accounted for a further 32%.

Among the main suppliers, Singapore, with a CAGR of +42.2%, 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 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, with an increase of 18% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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