Israel: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Israel

In 2021, the Israeli market for polyethylene with a specific gravity of less than X, in primary forms increased by 56% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Israel

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms fell to $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +152.0% against 2016 indices. The growth pace was the most rapid in 2017 when the production volume increased by 150% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Israel

Exports of polyethylene with a specific gravity of less than X, in primary forms from Israel dropped sharply to X tons in 2021, with a decrease of -24.2% against 2020. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 45% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), the UK (X tons) and Argentina (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Israel, together comprising 52% of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +151.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the UK ($X) and Argentina ($X) appeared to be the largest markets for polyethylene with a specific gravity of less than X exported from Israel worldwide, together accounting for 52% of total exports.

Argentina, with a CAGR of +163.7%, 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 export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 65% against the previous year. Over the last nine years, 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 foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Argentina ($X per ton) and India ($X per ton), while the average price for exports to Italy ($X per ton) and China ($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 with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Israel

In 2021, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 20% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Israel, with a 22% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.3% per year) and Thailand (+15.2% per year).

In value terms, the United States ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Israel, comprising 22% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Thailand, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+6.6% per year) and Thailand (+15.9% per year).

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 58% against the previous year. Over the period under review, the import price, however, recorded a mild slump. Over the period under review, average import prices reached the maximum 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 the Netherlands ($X per ton) and Russia ($X per ton), while the price for China ($X per ton) and South Korea ($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 (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :