Israel: Soap Market 2024

Soap Market Size in Israel

For the tenth consecutive year, the Israeli soap market recorded growth in sales value, which increased by 14% to $X in 2021. Overall, consumption enjoyed buoyant growth. Soap consumption peaked in 2021 and is expected to retain growth in the near future.

Soap Production in Israel

In value terms, soap production shrank sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 59%. As a result, production reached the peak level of $X, and then contracted dramatically in the following year.

Soap Exports

Exports from Israel

In 2021, soap exports from Israel shrank remarkably to X tons, which is down by -34.9% compared with the previous year's figure. Over the period under review, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, soap exports contracted notably to $X in 2021. In general, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of 112% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of soap exports from Israel, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +15.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and the United States ($X) were the largest markets for soap exported from Israel worldwide, together accounting for 71% of total exports. These countries were followed by France, Japan, Chile, Germany, Belgium and Turkey, which together accounted for a further 18%.

In terms of the main countries of destination, Chile, with a CAGR of +16.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap export price stood at $X per ton in 2021, increasing by 2.5% 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 was the most pronounced in 2017 an increase of 20%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($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 (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Soap Imports

Imports into Israel

For the sixth consecutive year, Israel recorded growth in overseas purchases of soap, which increased by 2.2% to X tons in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +110.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, soap imports expanded remarkably to $X in 2021. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of soap to Israel, accounting for a 129% share of total imports. Moreover, soap imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.9% per year) and the UK (+40.6% per year).

In value terms, the largest soap suppliers to Israel were Turkey ($X), Germany ($X) and France ($X), together accounting for 70% of total imports. The UK, Poland and Spain lagged somewhat behind, together comprising a further 11%.

Poland, with a CAGR of +66.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 soap import price amounted to $X per ton, surging by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 64%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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