Israel: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Israel

The Israeli rusks and toasted bread market rose notably to $X in 2021, picking up by 12% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in Israel

In value terms, rusks and toasted bread production totaled $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +11.3% 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 decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 92%. Rusks and toasted bread production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Israel

In 2021, overseas shipments of rusks, toasted bread and similar toasted products were finally on the rise to reach X tons for the first time since 2013, thus ending a seven-year declining trend. In general, exports, however, saw a abrupt setback. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, rusks and toasted bread exports soared to $X in 2021. Overall, exports, however, recorded a perceptible descent. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for rusks and toasted bread exports from Israel, accounting for a 49% share of total exports. Moreover, rusks and toasted bread exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.9% per year) and the UK (+7.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for rusks, toasted bread and similar toasted products exports from Israel, comprising 49% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.2% per year) and the UK (+3.1% per year).

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Australia ($X per ton), while the average price for exports to the UK ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Israel

Rusks and toasted bread imports into Israel contracted slightly to X tons in 2021, approximately mirroring the year before. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, rusks and toasted bread imports fell to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 increased by +112.3% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Spain (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of rusks and toasted bread imports to Israel, together comprising 57% of total imports. Greece, Ukraine, China, Russia, the UK, South Korea, the United States, the Philippines and Latvia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) constituted the largest rusks and toasted bread suppliers to Israel, together comprising 57% of total imports. Greece, Ukraine, China, Russia, the UK, South Korea, the United States, the Philippines and Latvia lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, the UK, with a CAGR of +58.7%, 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

In 2021, the average rusks and toasted bread import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 9.7%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and Russia ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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