Israel: Animal Fats Market 2024

Animal Fats Market Size in Israel

The Israeli animal fats market expanded rapidly to $X in 2023, increasing by X% against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Animal Fats Production in Israel

In value terms, animal fats production expanded significantly to $X in 2023 estimated in export price. Overall, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Animal Fats Exports

Exports from Israel

In 2023, shipments abroad of animal fats and oils increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp shrinkage. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, animal fats exports soared to $X in 2023. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Palestine (X kg), the United States (X kg) and South Africa (X kg) were the main destinations of animal fats exports from Israel, with a combined X% share of total exports. New Zealand and Cyprus lagged somewhat behind, together accounting for a further X%.

From 2016 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Palestine ($X), the United States ($X) and South Africa ($X) were the largest markets for animal fats exported from Israel worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price posted a strong increase. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per ton) and South Africa ($X per ton), while the average price for exports to Palestine ($X per ton) and Cyprus ($X per ton) were amongst the lowest.

From 2016 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Animal Fats Imports

Imports into Israel

In 2023, animal fats imports into Israel fell remarkably to X tons, dropping by X% on the previous year. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, animal fats imports contracted markedly to $X in 2023. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Chile (X kg), Spain (X kg) and France (X kg) were the main suppliers of animal fats imports to Israel, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest animal fats suppliers to Israel were Chile ($X), Spain ($X) and France ($X), with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average animal fats import price stood at $X per ton in 2023, increasing by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, animal fats import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform