Israel: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Israel

In 2022, the Israeli non-rolled bitumen products market increased by 12% to $X, rising for the fifth year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Non-rolled bitumen products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports from Israel

After two years of decline, overseas shipments of non-rolled bitumen products increased by 66% to X tons in 2022. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 99.9%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 98% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for non-rolled bitumen products exports from Israel, accounting for a 82% share of total exports. Moreover, non-rolled bitumen products exports to Angola exceeded the volume sent to the second major destination, Ethiopia (X kg), sixfold. Nigeria (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-3.8% per year) and Nigeria (-20.2% per year).

In value terms, Angola ($X) remains the key foreign market for non-rolled bitumen products exports from Israel, comprising 68% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a 24% share of total exports. It was followed by Nigeria, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Angola amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-0.4% per year) and Nigeria (-18.0% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, which is down by -8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Turkey ($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 Ethiopia (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Rolled Bitumen Products Imports

Imports into Israel

Non-rolled bitumen products imports into Israel expanded to X tons in 2022, picking up by 2.5% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 87% against the previous year. Imports peaked at X tons in 2012; afterwards, it flattened through to 2022.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of non-rolled bitumen products imports to Israel, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products suppliers to Israel were Italy ($X), Turkey ($X) and Germany ($X), together accounting for 91% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +17.3%, saw the highest growth rate of 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 non-rolled bitumen products import price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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