Israel: Other Chemical Products Market 2024

Other Chemical Products Market Size in Israel

The Israeli other chemical products market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2018 indices. Other chemical products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Israel

In value terms, other chemical products production stood at $X in 2022 estimated in export price. In general, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Israel

In 2022, after seven years of decline, there was growth in overseas shipments of other chemical products, when their volume increased by 3.1% to X tons. In general, exports, however, faced a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of 83% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, other chemical products exports contracted to $X in 2022. Overall, exports, however, continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X tons), Cyprus (X tons) and Turkey (X tons) were the main destinations of other chemical products exports from Israel, with a combined 65% share of total exports. Greece, Malta, Spain, Ukraine, Togo, Gibraltar, Georgia and the United States lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of -7.7%), while the other leaders experienced a decline.

In value terms, Turkey ($X) remains the key foreign market for other chemical products exports from Israel, comprising 65% of total exports. The second position in the ranking was held by Malta ($X), with an 11% share of total exports. It was followed by Cyprus, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at -19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (-21.7% per year) and Cyprus (-44.0% per year).

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2022, declining by -5.5% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Israel

In 2022, overseas purchases of other chemical products were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 13%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, other chemical products imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 11%. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

The United States (X tons), France (X tons) and Germany (X tons) were the main suppliers of other chemical products imports to Israel, together accounting for 48% of total imports. The Netherlands, Switzerland, China, Italy, Belgium, South Korea, Turkey, the UK and Japan lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +17.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) appeared to be the largest other chemical products suppliers to Israel, with a combined 50% share of total imports. The Netherlands, Switzerland, China, Italy, Belgium, South Korea, Turkey, the UK and Japan lagged somewhat behind, together accounting for a further 41%.

Turkey, with a CAGR of +19.5%, recorded the highest growth rate of 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

In 2022, the average other chemical products import price amounted to $X per ton, with a decrease of -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 5.7% against the previous year. The import price peaked at $X per ton in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Italy ($X per ton), while the price for Switzerland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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