Israel: Canned Food Market 2024

Canned Food Market Size in Israel

In 2021, after three years of growth, there was decline in the Israeli canned food market, when its value decreased by -2.1% to $X. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.2% against 2017 indices. Canned food consumption peaked at $X in 2020, and then reduced modestly in the following year.

Canned Food Production in Israel

In value terms, canned food production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +42.2% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Canned Food Exports

Exports from Israel

In 2021, overseas shipments of canned food decreased by -5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of 23% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, canned food exports rose to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for canned food exports from Israel, accounting for a 58% share of total exports. Moreover, canned food exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. France (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2020, the average annual growth rate of volume to the United States amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.8% per year) and France (+2.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for canned food exports from Israel, comprising 63% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2020, the average annual growth rate of value to the United States totaled +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.3% per year) and the UK (+1.8% per year).

Export Prices by Country

The average canned food export price stood at $X per ton in 2020, stabilizing at the previous year. Over the last eight years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 11%. The export price peaked at $X per ton in 2015; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Israel

In 2021, canned food imports into Israel expanded rapidly to X tons, surging by 6.5% against the previous year's figure. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 36% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, canned food imports rose notably to $X in 2021. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 50% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2020, Italy (X tons) constituted the largest canned food supplier to Israel, with a 22% share of total imports. Moreover, canned food imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Egypt (X tons), with an 8.1% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Italy stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and Egypt (+27.8% per year).

In value terms, the largest canned food suppliers to Israel were Ireland ($X), the Netherlands ($X) and Italy ($X), together accounting for 48% of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +81.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, surging by 2.7% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2020: its price increased at an average annual rate of +3.1% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food import price decreased by -3.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ireland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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