Israel: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Israel

The Israeli polyethylene binder market reached $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +30.1% against 2018 indices. Polyethylene binder consumption peaked in 2022 and is likely to see gradual growth in the near future.

Polyethylene Binder Production in Israel

In value terms, polyethylene binder production shrank slightly to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 140% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports from Israel

After two years of decline, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines increased by 10% to X tons in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 16,478% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyethylene binder exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 16,150% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for polyethylene binder exports from Israel, accounting for a 71% share of total exports. Moreover, polyethylene binder exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sixfold. Canada (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+22.5% per year) and Canada (+57.6% per year).

In value terms, the United States ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Israel, comprising 71% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Canada, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +53.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+31.0% per year) and Canada (+65.2% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, with an increase of 8.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Brazil ($X per ton), while the average price for exports to Canada ($X per ton) and the UK ($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 Australia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Binder Imports

Imports into Israel

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines was finally on the rise to reach X tons after two years of decline. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 245% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polyethylene binder imports surged to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 245%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest polyethylene binder supplier to Israel, with a 45% share of total imports. Moreover, polyethylene binder imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.9% per year) and Portugal (+3.6% per year).

In value terms, Poland ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Israel, comprising 45% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Portugal, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +65.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.0% per year) and Portugal (+4.7% per year).

Import Prices by Country

In 2022, the average polyethylene binder import price amounted to $X per ton, rising by 16% against the previous year. Overall, the import price continues to indicate a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and India ($X per ton), while the price for Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :