Price for Food Preparations Not Elsewhere Specified or Included in Israel - 2024
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Israel (CIF) - 2024
- Price for Food Preparations Not Elsewhere Specified or Included in Israel (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Israel
- Exports of Food Preparations Not Elsewhere Specified or Included in Israel
Price for Food Preparations Not Elsewhere Specified or Included in Israel (CIF) - 2024
In January 2024, the average import price for food preparations not elsewhere specified or included amounted to $27,777 per ton, with an increase of 13% against the previous month. Overall, the import price saw a resilient expansion. The growth pace was the most rapid in October 2023 an increase of 163% against the previous month. As a result, import price reached the peak level of $52,365 per ton. From November 2023 to January 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Switzerland ($8,187 per ton) and Canada ($8,144 per ton), while the price for Serbia ($6,007 per ton) and Singapore ($6,560 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Israel (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $6,273 per ton, falling by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,912 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($6,274 per ton) and India ($6,274 per ton), while the average price for exports to Germany ($6,272 per ton) and Poland ($6,272 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Israel
For the fourth consecutive year, Israel recorded growth in supplies from abroad of food preparations not elsewhere specified or included, which increased by 58% to 35K tons in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included reached $287M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 89.7 | 76.8 | 49.0 | 57.8 | -13.6% |
| Netherlands | 15.6 | 40.5 | 26.1 | 53.8 | 51.1% |
| United States | 44.5 | 32.9 | 43.0 | 32.8 | -9.7% |
| Poland | 14.3 | 13.8 | 19.1 | 23.2 | 17.5% |
| Germany | 14.1 | 15.0 | 15.7 | 19.3 | 11.0% |
| Denmark | 10.2 | 10.5 | 11.0 | 14.0 | 11.1% |
| Switzerland | 3.4 | 9.3 | 5.6 | 11.8 | 51.4% |
| Italy | 10.1 | 4.6 | 10.3 | 9.6 | -1.7% |
| United Kingdom | 6.9 | 7.5 | 7.8 | 8.6 | 7.6% |
| France | 8.6 | 5.2 | 8.3 | 8.2 | -1.6% |
| Thailand | 5.0 | 4.7 | 6.4 | 6.9 | 11.3% |
| China | 3.6 | 4.2 | 7.3 | 5.5 | 15.2% |
| Latvia | 1.2 | 1.2 | 1.6 | 1.5 | 7.7% |
| Others | 34.5 | 33.3 | 46.1 | 34.4 | -0.1% |
| Total | 262 | 259 | 257 | 287 | 3.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Israel in 2022:
- Ireland (7.0K tons)
- Netherlands (6.7K tons)
- United States (4.2K tons)
- Poland (2.8K tons)
- Germany (2.3K tons)
- Switzerland (1.4K tons)
- Italy (1.2K tons)
- Denmark (1.1K tons)
- United Kingdom (1.1K tons)
- France (1.0K tons)
- Latvia (0.8K tons)
- China (0.8K tons)
- Thailand (0.6K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Israel
In 2022, exports of food preparations not elsewhere specified or included from Israel expanded markedly to 41K tons, picking up by 9.4% against 2021 figures. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of food preparations not elsewhere specified or included dropped slightly to $254M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $256M, leveling off in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.0 | 38.4 | 50.3 | 54.4 | 53.6% |
| China | 14.2 | 14.9 | 23.6 | 30.4 | 28.9% |
| Netherlands | 15.5 | 13.8 | 18.8 | 17.8 | 4.7% |
| Germany | 17.5 | 19.3 | 13.0 | 16.0 | -2.9% |
| Japan | 11.3 | 10.3 | 10.3 | 12.6 | 3.7% |
| Australia | 3.9 | 5.1 | 6.7 | 9.7 | 35.5% |
| Canada | 3.7 | 4.6 | 12.8 | 7.3 | 25.4% |
| India | 5.2 | 4.4 | 8.3 | 7.0 | 10.4% |
| Thailand | 4.4 | 4.7 | 4.7 | 6.5 | 13.9% |
| Romania | 5.9 | 5.4 | 6.1 | 6.4 | 2.7% |
| Czech Republic | 1.6 | 2.7 | 7.2 | 5.3 | 49.1% |
| Poland | 7.0 | 5.8 | 4.7 | 5.2 | -9.4% |
| Russia | 4.8 | 3.8 | 3.9 | 5.0 | 1.4% |
| Others | 45.9 | 62.5 | 85.5 | 70.5 | 15.4% |
| Total | 156 | 196 | 256 | 254 | 17.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Israel in 2022:
- United States (8.7K tons)
- China (4.8K tons)
- Netherlands (2.8K tons)
- Germany (2.6K tons)
- Japan (2.0K tons)
- Australia (1.5K tons)
- Canada (1.2K tons)
- India (1.1K tons)
- Romania (1.0K tons)
- Thailand (1.0K tons)
- Czech Republic (0.9K tons)
- Poland (0.8K tons)
- Russia (0.8K tons)
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