Israel: Alcohols Market 2024

Alcohols Market Size in Israel

In 2020, the Israeli alcohols market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2020 and is likely to see gradual growth in the immediate term.

Alcohols Exports

Exports from Israel

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Israel reduced to X tons, with a decrease of X% against the previous year. Overall, exports showed a mild downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2020, the growth of the exports failed to regain momentum.

In value terms, alcohols exports dropped remarkably to $X in 2020. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Cyprus (X tons) and Belgium (X tons) were the main destinations of alcohols exports from Israel, together accounting for X% of total exports. The UK, the Netherlands, Germany, Japan and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Israel, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Belgium (X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, declining by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cyprus ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Israel

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Israel; growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, alcohols imports expanded significantly to $X in 2020. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Azerbaijan (X tons) and Georgia (X tons) were the main suppliers of alcohols imports to Israel, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Georgia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest alcohols suppliers to Israel, with a combined X% share of total imports. Azerbaijan, South Korea, Taiwan (Chinese), Georgia, the Netherlands, Switzerland and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Georgia, with a CAGR of X%, recorded 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 alcohols import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was China ($X per ton), while the price for Azerbaijan ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :