Israel: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Israel

For the third year in a row, the Israeli plastic ornamental articles market recorded growth in sales value, which increased by 3.7% to $X in 2022. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.6% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Plastic Ornamental Articles Production in Israel

In value terms, plastic ornamental articles production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 231% against the previous year. Plastic ornamental articles production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Israel

In 2022, the amount of statuettes and other ornamental articles of plastic exported from Israel declined notably to X tons, with a decrease of -30.8% on 2021 figures. Overall, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2018 with an increase of 54% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports dropped markedly to $X in 2022. In general, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2018 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for plastic ornamental articles exports from Israel, with a 45% share of total exports. Moreover, plastic ornamental articles exports to the United States exceeded the volume sent to the second major destination, Panama (X tons), fourfold. The third position in this ranking was held by Bulgaria (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+46.5% per year) and Bulgaria (+57.8% per year).

In value terms, the United States ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Israel, comprising 45% of total exports. The second position in the ranking was held by Panama ($X), with an 11% share of total exports. It was followed by Bulgaria, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+48.5% per year) and Bulgaria (+60.0% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, dropping by -15.4% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles export price decreased by -15.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 58%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Belgium ($X per ton), while the average price for exports to Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Israel

In 2022, the amount of statuettes and other ornamental articles of plastic imported into Israel shrank to X tons, waning by -14.3% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic ornamental articles imports shrank to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Israel, with a 77% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.8% per year) and the Netherlands (+9.7% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Israel, comprising 77% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.2% share of total imports. It was followed by the Netherlands, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.5% per year) and the Netherlands (+15.1% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, growing by 6.7% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles import price increased by +57.0% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per ton) and the Netherlands ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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