Report Update Nov 1, 2024

Israel - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Israel: Rennet Market 2024

Rennet Market Size in Israel

After three years of growth, the Israeli rennet market decreased by -5.7% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 increased by +50.5% against 2017 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Rennet Production in Israel

In value terms, rennet production fell slightly to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +17.9% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by 45% against the previous year. Rennet production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Rennet Exports

Exports from Israel

In 2021, the amount of rennet and concentrates thereof exported from Israel was estimated at X kg, flattening at the previous year. Over the period under review, exports showed a precipitous slump. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs at X kg in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, rennet exports amounted to $X in 2021. Overall, exports saw a precipitous contraction. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X kg) was the main destination for rennet exports from Israel, accounting for a approx. 50% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Denmark was relatively modest.

From 2014 to 2021, the average annual growth rate of value to Denmark was relatively modest.

Export Prices by Country

In 2021, the average rennet export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price faced a dramatic slump. The most prominent rate of growth was recorded in 2015 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2014 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Rennet Imports

Imports into Israel

Rennet imports into Israel declined to X tons in 2021, which is down by -8.3% compared with 2020. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 569% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, rennet imports contracted sharply to $X in 2021. Over the period under review, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2014 with an increase of 609% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of rennet to Israel, accounting for a 74% share of total imports. Moreover, rennet imports from Denmark exceeded the figures recorded by the second-largest supplier, Turkey (X kg), more than tenfold. The third position in this ranking was held by Belgium (X kg), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.5% per year) and Belgium (-13.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of rennet and concentrates thereof to Israel, comprising 47% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.1% share of total imports. It was followed by Turkey, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.9% per year) and Turkey (+13.1% per year).

Import Prices by Country

In 2021, the average rennet import price amounted to $X per ton, waning by -12.6% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico, which together accounted for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together accounting for 40% of global production. Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico lagged somewhat behind, together accounting for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Israel?

In value terms, Denmark constituted the largest supplier of rennet to Israel, comprising 93% of total imports. The second position in the ranking was occupied by Turkey, with a 5% share of total imports.

What is the average export price for rennet and concentrates thereof in Israel?

The average rennet export price stood at $23,506 per ton in 2014, approximately reflecting the previous year.

What is the average import price for rennet and concentrates thereof in Israel?

The average rennet import price stood at $9,561 per ton in 2020, declining by -43.5% against the previous year.

This report provides an in-depth analysis of the rennet market in Israel. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Israel

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Israel
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023