Israel: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Israel

The Israeli polyethylene in primary forms market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption showed a relatively flat trend pattern. Polyethylene in primary forms consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Israel

In 2021, the amount of polyethylene in primary forms exported from Israel shrank dramatically to X tons, dropping by -23.6% compared with 2020. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 46% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), the UK (X tons) and Argentina (X tons) were the main destinations of polyethylene in primary forms exports from Israel, together comprising 51% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +151.2%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the UK ($X) and Argentina ($X) were the largest markets for polyethylene in primary forms exported from Israel worldwide, together accounting for 51% of total exports.

Among the main countries of destination, Argentina, with a CAGR of +163.7%, 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 polyethylene in primary forms export price stood at $X per ton in 2021, growing by 65% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price attained 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 countries with the highest prices were Argentina ($X per ton) and Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) and China ($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 Argentina (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Israel

Polyethylene in primary forms imports into Israel totaled X tons in 2021, with an increase of 2% compared with 2020. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 5.5% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, polyethylene in primary forms imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polyethylene in primary forms to Israel, accounting for a 21% share of total imports. Moreover, polyethylene in primary forms imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.9% per year) and South Korea (-0.1% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene in primary forms to Israel, comprising 21% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.9% share of total imports. It was followed by South Korea, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and South Korea (+1.2% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, with an increase of 53% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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