Israel: Soya Bean Market 2025

Soya Bean Market Size in Israel

The Israeli soya bean market reduced slightly to $X in 2021, falling by -4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 when the market value increased by 7.3% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Soya Bean Exports

Exports from Israel

In 2021, overseas shipments of soya beans decreased by -49% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 5,660%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, soya bean exports fell remarkably to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 5,467%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kenya (X tons) was the main destination for soya bean exports from Israel, with a 65% share of total exports. Moreover, soya bean exports to Kenya exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Kenya was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-80.2% per year) and the United States (+44.0% per year).

In value terms, Ethiopia ($X) remains the key foreign market for soya bean exports from Israel, comprising 88% of total exports. The second position in the ranking was held by Kenya ($X), with a 7.5% share of total exports. It was followed by the United States, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Ethiopia totaled +419.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (0.0% per year) and the United States (+14.7% per year).

Export Prices by Country

In 2021, the average soya bean export price amounted to $X per ton, increasing by 45% against the previous year. In general, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Kenya ($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 Ethiopia (+18.0%), while the prices for the other major destinations experienced a decline.

Soya Bean Imports

Imports into Israel

In 2021, supplies from abroad of soya beans decreased by -20.3% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports recorded a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 18%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, soya bean imports expanded modestly to $X in 2021. In general, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 8.4%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of soya bean imports to Israel, together comprising 89% of total imports. Ukraine, Uruguay, the United States, Greece and the Netherlands lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Brazil ($X) and Canada ($X) were the largest soya bean suppliers to Israel, together comprising 90% of total imports. These countries were followed by the United States, Ukraine, Uruguay, Greece and the Netherlands, which together accounted for a further 9.2%.

Ukraine, with a CAGR of +42.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, growing by 29% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean import price increased by +70.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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