Israel: Propellant Powders Market 2024

Propellant Powders Market Size in Israel

The Israeli propellant powders market surged to $X in 2021, jumping by 29% against 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). Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 -21.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Propellant Powders Exports

Exports from Israel

In 2021, shipments abroad of propellant powders increased by 30% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 3,070% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, propellant powders exports skyrocketed to $X in 2021. Overall, exports, however, saw a dramatic setback. The growth pace was the most rapid in 2014 when exports increased by 2,747% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for propellant powders exports from Israel, accounting for a 63% share of total exports. Moreover, propellant powders exports to Turkey exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was taken by Italy (X kg), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled -20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-29.9% per year) and Italy (-13.2% per year).

In value terms, Turkey ($X) remains the key foreign market for propellant powders exports from Israel, comprising 73% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by Italy, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-33.0% per year) and Italy (-13.4% per year).

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, surging by 6.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Singapore ($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 Turkey (+5.7%), while the prices for the other major destinations experienced a decline.

Propellant Powders Imports

Imports into Israel

In 2021, approx. X tons of propellant powders were imported into Israel; picking up by 39% compared with 2020. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 90%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, propellant powders imports soared to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.7% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 86%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), the United States (X tons) and Slovakia (X tons) were the main suppliers of propellant powders imports to Israel, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +43.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest propellant powders suppliers to Israel were the United States ($X), Belgium ($X) and Serbia ($X), with a combined 63% share of total imports.

Belgium, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, which is down by -8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Serbia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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