Israel: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Israel

In 2020, the Israeli market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Production of Processed cheese (excluding grated or powdered) in Israel

In value terms, production of processed cheese (excluding grated or powdered) expanded slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. Production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Israel

For the ninth consecutive year, Israel recorded growth in shipments abroad of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2020. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2020. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

Exports by Country

The U.S. (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Israel, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. amounted to +X%.

In value terms, the U.S. ($X) also remains the key foreign market for processed cheese (excluding grated or powdered) exports from Israel.

From 2007 to 2020, the average annual growth rate of value to the U.S. stood at +X%.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Israel

In 2020, purchases abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, imports of processed cheese (excluding grated or powdered) contracted remarkably to $X in 2020. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2019 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and Poland (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Israel, together accounting for X% of total imports. These countries were followed by Finland, Spain, France and Lithuania, which together accounted for a further X 2007 to 2020, the biggest increases were in Spain (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Israel were Turkey ($X), Egypt ($X) and Poland ($X), together comprising X% of total imports. Finland, Spain, France and Lithuania lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were Poland ($X per ton) and Lithuania ($X per ton), while the price for France ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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