Israel: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Israel

The Israeli unsaturated acyclic hydrocarbons market plummeted to $X in 2021, waning by -17.9% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Israel

In value terms, unsaturated acyclic hydrocarbons production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 25%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Israel

In 2021, overseas shipments of unsaturated acyclic hydrocarbons increased by 84% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 307% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. In general, exports recorded prominent growth. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons), India (X tons) and the United States (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Israel, together comprising 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +68.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X), the United States ($X) and the Czech Republic ($X) were the largest markets for unsaturated acyclic hydrocarbons exported from Israel worldwide, together comprising 81% of total exports.

The United States, with a CAGR of +86.0%, saw the highest rates of growth with regard to the value of exports, among 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

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, rising by 31% against the previous year. In general, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2015 an increase of 103%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to India ($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 the Czech Republic (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Israel

In 2021, supplies from abroad of unsaturated acyclic hydrocarbons decreased by -26% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 122% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports dropped sharply to $X in 2021. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 104%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of unsaturated acyclic hydrocarbons to Israel, with a 74% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Portugal (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.7% per year) and Portugal (+87.0% per year).

In value terms, Russia ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Israel, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by Portugal, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.9% per year) and Portugal (+41.9% per year).

Import Prices by Country

The average unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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