Israel: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Israel

After six years of decline, the Israeli market for unsaturated polyesters in primary forms increased by 51% to $X in 2021. In general, consumption saw a relatively flat trend pattern. Unsaturated polyesters in primary forms consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Israel

In 2021, overseas shipments of unsaturated polyesters in primary forms increased by 43% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 662%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 740% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for unsaturated polyesters in primary forms exports from Israel, with a 50% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Poland exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was held by Ukraine (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.6% per year) and Ukraine (0.0% per year).

In value terms, the largest markets for unsaturated polyesters in primary forms exported from Israel were Poland ($X), Russia ($X) and the UK ($X), together accounting for 58% of total exports. These countries were followed by India, Ukraine, the United States, Belarus, Thailand, Cyprus, Turkey and Ghana, which together accounted for a further 40%.

Thailand, with a CAGR of +76.4%, 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 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, rising by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +5.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 UK ($X per ton), while the average price for exports to Ghana ($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 UK (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Israel

In 2021, purchases abroad of unsaturated polyesters in primary forms was finally on the rise to reach X tons after four years of decline. In general, imports, however, saw a perceptible slump. The growth pace was the most rapid in 2014 when imports increased by 32%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports soared to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Turkey (X tons) and France (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Israel, together accounting for 48% of total imports. These countries were followed by Taiwan (Chinese) and Italy, which together accounted for a further 1.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +25.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X), Turkey ($X) and France ($X) appeared to be the largest unsaturated polyesters in primary forms suppliers to Israel, with a combined 58% share of total imports. Taiwan (Chinese) and Italy lagged somewhat behind, together accounting for a further 1.5%.

Taiwan (Chinese), with a CAGR of +30.8%, saw the highest growth rate of 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 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated polyesters in primary forms import price increased by +37.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Turkey ($X per ton), while the price for Italy ($X per ton) and France ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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