Israel: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Israel

The Israeli market for prepared glues and other prepared adhesives stood at $X in 2021, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 decreased by -3.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Israel

Exports of prepared glues and other prepared adhesives from Israel declined to X tons in 2021, falling by -10% compared with the year before. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 86%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives contracted to $X in 2021. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 126% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Israel, accounting for a 44% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to the United States exceeded the volume sent to the second major destination, Brazil (X tons), threefold. The third position in this ranking was held by South Africa (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+24.0% per year) and South Africa (+65.5% per year).

In value terms, the United States ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Israel, comprising 42% of total exports. The second position in the ranking was held by Brazil ($X), with a 16% share of total exports. It was followed by South Africa, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+30.0% per year) and South Africa (+67.2% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with a decrease of -5.1% against the previous year. Overall, the export price saw a mild decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Georgia ($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 (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Israel

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported into Israel; falling by -19% on 2020. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 22% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Israel, with a combined 53% share of total imports. The Netherlands, Turkey, the UK, Spain, France, China, India, Switzerland, Belgium and Portugal lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Israel, together comprising 50% of total imports. The Netherlands, Turkey, China, the UK, Spain, Switzerland, Belgium, France, India and Portugal lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, India, with a CAGR of +23.6%, saw 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, rising by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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