Israel: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Israel

The Israeli soap in different forms market fell to $X in 2021, dropping by -11.9% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 increased by +35.6% against 2019 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Soap In Different Forms in Israel

In value terms, soap in different forms production declined dramatically to $X in 2021 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +67.6% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 77%. As a result, production attained the peak level of $X, and then dropped sharply in the following year.

Exports of Soap In Different Forms

Exports from Israel

In 2021, after two years of growth, there was significant decline in shipments abroad of soap in different forms, when their volume decreased by -45.5% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 732%. The exports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, soap in different forms exports declined remarkably to $X in 2021. Overall, exports recorded a mild decline. The pace of growth appeared the most rapid in 2019 with an increase of 701% against the previous year. The exports peaked at $X in 2020, and then fell remarkably in the following year.

Exports by Country

Japan (X tons) was the main destination for soap in different forms exports from Israel, accounting for a 84% share of total exports. Moreover, soap in different forms exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+96.3% per year) and the United States (+35.2% per year).

In value terms, Japan ($X) remains the key foreign market for soap in different forms exports from Israel, comprising 84% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+95.8% per year) and the United States (+34.9% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, increasing by 3.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Hong Kong SAR ($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 Japan (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Soap In Different Forms

Imports into Israel

Soap in different forms imports into Israel surged to X tons in 2021, jumping by 22% against the previous year's figure. Over the period under review, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by 91%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, soap in different forms imports skyrocketed to $X in 2021. In general, imports posted modest growth. The growth pace was the most rapid in 2013 when imports increased by 80%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest soap in different forms supplier to Israel, with a 46% share of total imports. Moreover, soap in different forms imports from Turkey exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+14.6% per year) and India (+14.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of soap in different forms to Israel, comprising 46% of total imports. The second position in the ranking was taken by Sweden ($X), with a 15% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+15.1% per year) and India (+12.4% per year).

Import Prices by Country

In 2021, the average soap in different forms import price amounted to $X per ton, picking up by 6.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 20%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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