Israel: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Israel

The Israeli vulcanised rubber thread market dropped sharply to $X in 2021, waning by -66.2% 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, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Vulcanised Rubber Thread Exports

Exports from Israel

In 2021, exports of vulcanised rubber thread and cord from Israel plummeted to X tons, which is down by -22.4% against the previous year. Over the period under review, exports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of 2,439% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber thread exports reduced to $X in 2021. Overall, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 1,550%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for vulcanised rubber thread exports from Israel, accounting for a 62% share of total exports. Moreover, vulcanised rubber thread exports to France exceeded the volume sent to the second major destination, the United States (X tons), fivefold. India (X kg) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +98.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+23.1% per year) and India (-47.6% per year).

In value terms, France ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Israel, comprising 58% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by Ethiopia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.9% per year) and Ethiopia (-11.0% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, increasing by 17% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 87%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

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 United States ($X per ton), while the average price for exports to India ($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 Netherlands (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Israel

In 2021, vulcanised rubber thread imports into Israel dropped markedly to X tons, declining by -69.8% on 2020. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 314% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, vulcanised rubber thread imports dropped rapidly to $X in 2021. In general, imports recorded a deep setback. The growth pace was the most rapid in 2020 when imports increased by 380%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

South Africa (X tons), Thailand (X tons) and India (X tons) were the main suppliers of vulcanised rubber thread imports to Israel, with a combined 65% share of total imports. These countries were followed by Egypt, Malaysia, China, France, Italy and the United States, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to Israel were Thailand ($X), South Africa ($X) and India ($X), with a combined 68% share of total imports.

Thailand, with a CAGR of +15.6%, 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

The average vulcanised rubber thread import price stood at $X per ton in 2021, with an increase of 33% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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