Israel: Polyurethanes Market 2024

Polyurethanes Market Size in Israel

In 2021, the Israeli polyurethanes market increased by 20% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyurethanes Exports

Exports from Israel

In 2021, polyurethanes exports from Israel contracted dramatically to X tons, falling by -43.1% on the year before. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 248%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, polyurethanes exports dropped rapidly to $X in 2021. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 194% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for polyurethanes exports from Israel, accounting for a 53% share of total exports. Moreover, polyurethanes exports to Mexico exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Denmark (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+21.6% per year) and Denmark (-9.1% per year).

In value terms, Mexico ($X) emerged as the key foreign market for polyurethanes in primary forms exports from Israel, comprising 53% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Denmark, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.0% per year) and Denmark (-2.2% per year).

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, increasing by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 67%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Ghana ($X per ton) and the United States ($X per ton), while the average price for exports to Mexico ($X per ton) and India ($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 Denmark (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Israel

For the third year in a row, Israel recorded growth in supplies from abroad of polyurethanes in primary forms, which increased by 5.6% to X tons in 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 20%. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, polyurethanes imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of polyurethanes imports to Israel, together accounting for 55% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes suppliers to Israel were Germany ($X), the United States ($X) and Italy ($X), with a combined 55% share of total imports.

The United States, with a CAGR of +23.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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