Israel: Prepared Binders Market 2024

Prepared Binders Market Size in Israel

After six years of growth, the Israeli prepared binders market decreased by -3.3% to $X in 2021. Over the period under review, consumption, however, enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank modestly in the following year.

Prepared Binders Production in Israel

In value terms, prepared binders production reached $X in 2021 estimated in export price. In general, production, however, showed a remarkable increase. The growth pace was the most rapid in 2015 when the production volume increased by 191%. Prepared binders production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prepared Binders Exports

Exports from Israel

In 2021, the amount of prepared binders for foundry moulds or cores exported from Israel soared to X tons, rising by 426% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 3,467%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, prepared binders exports surged to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 3,071%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for prepared binders exports from Israel, accounting for a 78% share of total exports. Moreover, prepared binders exports to Turkey exceeded the volume sent to the second major destination, Cyprus (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+56.4% per year) and the United States (+92.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for prepared binders for foundry moulds or cores exports from Israel, comprising 78% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+54.0% per year) and the United States (+92.2% per year).

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2021, surging by 20% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.7%), while the prices for the other major destinations experienced a decline.

Prepared Binders Imports

Imports into Israel

In 2021, prepared binders imports into Israel expanded markedly to X tons, picking up by 11% against the previous year. Over the period under review, imports enjoyed a notable increase. The pace of growth appeared the most rapid in 2013 with an increase of 116%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared binders imports surged to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 2013 with an increase of 38%. As a result, imports reached the peak of $X; afterwards, it flattened through to 2021.

Imports by Country

Japan (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of prepared binders imports to Israel, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +67.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Italy ($X) appeared to be the largest prepared binders suppliers to Israel, together accounting for 72% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +62.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average prepared binders import price amounted to $X per ton, increasing by 20% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 43% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per ton) and Japan ($X per ton), while the price for Italy ($X per ton) and the UK ($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 (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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