Israel: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Israel

In 2021, the Israeli man-made filament yarn market decreased by -9.4% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 decreased by -15.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Man-Made Filament Yarn Production in Israel

In value terms, man-made filament yarn production shrank to $X in 2021 estimated in export price. In general, production, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 118%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Man-Made Filament Yarn Exports

Exports from Israel

In 2021, the amount of man-made filament yarn exported from Israel declined dramatically to X tons, which is down by -39% compared with 2020 figures. Overall, exports faced a significant contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 89% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports contracted dramatically to $X in 2021. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 75%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons) was the main destination for man-made filament yarn exports from Israel, with a 47% share of total exports. Moreover, man-made filament yarn exports to Sri Lanka exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was held by Palestine (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sri Lanka amounted to +141.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+110.9% per year) and Palestine (-24.7% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for man-made filament yarn exports from Israel, comprising 60% of total exports. The second position in the ranking was taken by Russia ($X), with an 18% share of total exports. It was followed by Palestine, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sri Lanka totaled +154.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+5.9% per year) and Palestine (-20.4% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, shrinking by -5.4% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 an increase of 100%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Canada ($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 Russia (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Israel

Man-made filament yarn imports into Israel expanded sharply to X tons in 2021, with an increase of 7.9% compared with 2020 figures. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 107% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, man-made filament yarn imports reached $X in 2021. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 81%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Egypt (X tons) and China (X tons) were the main suppliers of man-made filament yarn imports to Israel, with a combined 69% share of total imports.

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 +56.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest man-made filament yarn suppliers to Israel were the United States ($X), China ($X) and Egypt ($X), together accounting for 71% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +50.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, which is down by -6.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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