Israel: Toluene Market 2024

Toluene Market Size in Israel

In 2021, the Israeli toluene market decreased by -15.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Toluene Production in Israel

In value terms, toluene production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 9.4% against the previous year. Toluene production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Toluene Exports

Exports from Israel

In 2021, the amount of toluene exported from Israel expanded significantly to X tons, picking up by 8.7% against the previous year's figure. In general, exports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of 47%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, toluene exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for toluene exports from Israel, with a 91% share of total exports. It was followed by Guatemala (X tons), with a 2.7% share of total exports. The third position in this ranking was held by South Africa (X tons), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+31.8% per year) and South Africa (+67.1% per year).

In value terms, Turkey ($X) remains the key foreign market for toluene exports from Israel, comprising 91% of total exports. The second position in the ranking was held by Guatemala ($X), with a 2.7% share of total exports. It was followed by South Africa, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+32.9% per year) and South Africa (+68.6% per year).

Export Prices by Country

In 2021, the average toluene export price amounted to $X per ton, picking up by 51% against the previous year. Overall, the export price, however, showed a deep reduction. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Guatemala ($X per ton) and India ($X per ton), while the average price for exports to Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Toluene Imports

Imports into Israel

In 2021, toluene imports into Israel shrank rapidly to X tons, declining by -85% on 2020. Over the period under review, imports, however, continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2020 when imports increased by 7,216% against the previous year. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, toluene imports declined significantly to $X in 2021. Overall, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5,286% against the previous year. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest toluene supplier to Israel, with a 82% share of total imports. Moreover, toluene imports from Spain 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 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.6% per year) and the Netherlands (+21.5% per year).

In value terms, Spain ($X) constituted the largest supplier of toluene to Israel, comprising 82% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.8% share of total imports. It was followed by the Netherlands, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +60.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.1% per year) and the Netherlands (+14.9% per year).

Import Prices by Country

The average toluene import price stood at $X per ton in 2021, surging by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and the Netherlands ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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