Israel: Biological Product Market 2024

Biological Product Market Size in Israel

The Israeli biological product market stood at $X in 2023, approximately mirroring the previous year. Overall, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Biological Product Production in Israel

In value terms, biological product production expanded slightly to $X in 2023 estimated in export price. Overall, production enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Biological Product Exports

Exports from Israel

Biological product exports from Israel skyrocketed to X tons in 2023, increasing by X% against 2022 figures. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, biological product exports surged to $X in 2023. Over the period under review, total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for biological product exports from Israel, accounting for a X% share of total exports. Moreover, biological product exports to Italy exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was held by Austria (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Austria (X% per year).

In value terms, the United States ($X) remains the key foreign market for biological products exports from Israel, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the average biological product export price amounted to $X per kg, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per kg in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to France ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Israel

In 2023, purchases abroad of biological products decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, biological product imports reduced to $X in 2023. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

The United States (X tons), Ireland (X tons) and Switzerland (X tons) were the main suppliers of biological product 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 Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United States ($X) and Germany ($X) appeared to be the largest biological product suppliers to Israel, together accounting for X% of total imports.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 biological product import price stood at $X per kg in 2023, rising by X% against the previous year. Overall, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per kg. From 2019 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per kg), while the price for Austria ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform