Israel: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in Israel

The Israeli sulphuric acid market skyrocketed to $X in 2022, growing by 69% 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). In general, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Sulphuric Acid Exports

Exports from Israel

Sulphuric acid exports from Israel reached X tons in 2022, remaining stable against 2021 figures. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 240%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphuric acid exports rose notably to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 360%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for sulphuric acid exports from Israel, with a 67% share of total exports. Moreover, sulphuric acid exports to Palestine exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was held by Brazil (X tons), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Palestine totaled +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+20.1% per year) and Brazil (-17.3% per year).

In value terms, Palestine ($X) emerged as the key foreign market for sulphuric acid and oleum exports from Israel, comprising 63% of total exports. The second position in the ranking was held by Jordan ($X), with a 20% share of total exports. It was followed by the United States, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Palestine totaled +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+17.4% per year) and the United States (-15.9% per year).

Export Prices by Country

In 2022, the average sulphuric acid export price amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of 35%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into Israel

In 2022, sulphuric acid imports into Israel surged to X tons, rising by 23% compared with 2021. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 79%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sulphuric acid imports soared to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 113% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the main supplier of sulphuric acid to Israel, with a 92% share of total imports. Moreover, sulphuric acid imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.1% per year) and the UK (+46.0% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of sulphuric acid and oleum to Israel, comprising 95% of total imports. The second position in the ranking was held by the UK ($X), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +36.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+49.9% per year) and the United States (-22.6% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, with an increase of 61% against the previous year. Over the period under review, the import price posted a temperate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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