Israel: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Israel

The Israeli prepared baking powder market fell to $X in 2022, which is down by -4.5% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Prepared Baking Powder Production in Israel

In value terms, prepared baking powder production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 9.3% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Israel

For the fourth consecutive year, Israel recorded growth in overseas shipments of prepared baking powders, which increased by 86% to X tons in 2022. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 261%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared baking powder exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 269% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X tons), France (X tons) and Italy (X tons) were the main destinations of prepared baking powder exports from Israel, with a combined 81% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), France ($X) and Italy ($X) constituted the largest markets for prepared baking powder exported from Israel worldwide, with a combined 81% share of total exports.

Among the main countries of destination, France, with a CAGR of +29.2%, 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 prepared baking powder export price stood at $X per ton in 2022, increasing by 3.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 6.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Italy ($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 India (+109.4%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Baking Powder Imports

Imports into Israel

In 2022, approx. X tons of prepared baking powders were imported into Israel; with a decrease of -10.5% against 2021 figures. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 416% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports dropped to $X in 2022. Overall, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when imports increased by 860%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest prepared baking powder supplier to Israel, with a 67% share of total imports. Moreover, prepared baking powder imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Latvia (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.5% per year) and Latvia (-36.5% per year).

In value terms, France ($X) constituted the largest supplier of prepared baking powders to Israel, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Latvia, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.6% per year) and Latvia (-35.5% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, growing by 4.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 86%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and the United States ($X per ton), while the price for Bulgaria ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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