Israel: Vitamin Market 2024

Vitamin Market Size in Israel

The Israeli vitamin market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed resilient growth. Vitamin consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vitamin Production in Israel

In value terms, vitamin production rose rapidly to $X in 2021 estimated in export price. Overall, production recorded temperate growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 46%. Vitamin production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Vitamin Exports

Exports from Israel

In 2021, vitamin exports from Israel soared to X tons, increasing by 56% compared with the previous year. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 200% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vitamin exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 251%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for vitamin exports from Israel, with a 52% share of total exports. Moreover, vitamin exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-19.2% per year) and the Netherlands (-8.2% per year).

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) were the largest markets for vitamin exported from Israel worldwide, with a combined 77% share of total exports. Italy, the UK, India, Ireland, the Philippines and Slovenia lagged somewhat behind, together comprising a further 9.4%.

India, with a CAGR of +91.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vitamin export price stood at $X per ton in 2021, with a decrease of -23.1% against the previous year. Over the period under review, the export price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while the average price for exports to Ireland ($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 Germany (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Israel

In 2021, overseas purchases of provitamins and vitamins increased by 28% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vitamin imports surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 increased by +2.8% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vitamin to Israel, accounting for a 56% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+8.5% per year) and the United States (+17.7% per year).

In value terms, China ($X) constituted the largest supplier of provitamins and vitamins to Israel, comprising 46% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 21% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+5.7% per year) and the United States (+24.2% per year).

Import Prices by Country

In 2021, the average vitamin import price amounted to $X per ton, dropping by -5.8% against the previous year. In general, the import price saw a mild descent. The pace of growth was the most pronounced in 2018 an increase of 60% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average 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 the United States ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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