Israel: Container Market 2024

Container Market Size in Israel

The Israeli container market reached $X in 2022, surging by 3.2% 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). Overall, consumption, however, saw buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Container Exports

Exports from Israel

In 2022, overseas shipments of tanks, casks, drums, cans, boxes and similar containers decreased by -4.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 30% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, container exports rose rapidly to $X in 2022. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X units), Canada (X units) and Germany (X units) were the main destinations of container exports from Israel, together accounting for 57% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +103.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for container exported from Israel were Canada ($X), Greece ($X) and Germany ($X), together accounting for 59% of total exports.

Greece, with a CAGR of +98.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average container export price amounted to $X per unit, growing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Israel

In 2022, the amount of tanks, casks, drums, cans, boxes and similar containers imported into Israel declined to X units, with a decrease of -7.6% on the year before. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +10.2% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, container imports stood at $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +36.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Greece (X units), Turkey (X units) and Switzerland (X units) were the main suppliers of container imports to Israel, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Turkey ($X) and the United States ($X) constituted the largest container suppliers to Israel, with a combined 76% share of total imports.

Greece, with a CAGR of +13.9%, recorded the highest rates of growth with regard to 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 2022, the average container import price amounted to $X per unit, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and Germany ($X per unit), while the price for Greece ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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