Israel: Glass Fiber Market 2024

Glass Fiber Market Size in Israel

The Israeli glass fiber market soared to $X in 2021, picking up by 33% 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, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.6% 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 +128.0% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Glass Fiber Exports

Exports from Israel

In 2021, approx. X tons of voiles, webs, mats and other articles of glass fibers were exported from Israel; reducing by -36.6% against 2020. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 255%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, glass fiber exports shrank dramatically to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 221% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main destinations of glass fiber exports from Israel, with a combined 78% share of total exports. Slovenia, the Netherlands, China, Mexico and Ireland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +153.6%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for glass fiber exported from Israel worldwide, together accounting for 74% of total exports. These countries were followed by China, Slovenia, the Netherlands, Mexico and Ireland, which together accounted for a further 21%.

Among the main countries of destination, Mexico, with a CAGR of +108.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, growing by 9.3% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass fiber export price decreased by -17.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Slovenia ($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 Nigeria (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Israel

Glass fiber imports into Israel soared to X tons in 2021, rising by 30% on the previous year. Overall, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fiber imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.7% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Sweden (X tons) and China (X tons) were the main suppliers of glass fiber imports to Israel, together accounting for 73% of total imports. The United States, France, Poland and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +76.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Sweden ($X) and China ($X) appeared to be the largest glass fiber suppliers to Israel, with a combined 67% share of total imports. The United States, France, Poland and the UK lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Poland, with a CAGR of +61.1%, 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

The average glass fiber import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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