Israel: Petroleum Market 2020

Petroleum Market Size in Israel

The revenue of the petroleum market in Israel amounted to $X in 2017, falling by -X% against the previous year. Overall, petroleum consumption continues to indicate a dramatic descent. The growth pace was the most rapid in 2011, when market value increased by X% against the previous year. Over the period under review, the petroleum market attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Petroleum Production in Israel

Petroleum production in Israel amounted to X tonnes in 2017, dropping by -X% against the previous year. Overall, petroleum production continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Israel petroleum production peaked of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Exports from Israel

Petroleum exports from Israel totaled X tonnes in 2017, lowering by -X% against the previous year. Overall, petroleum exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. Israel exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, petroleum exports stood at $X in 2017. In general, petroleum exports continue to indicate a significant growth. Israel exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Israel

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) represented the key exporters of petroleum, together generating X% of total exports. China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), with a combined X% share of total exports.

The U.S. (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Israel

The petroleum export price in Israel stood at $X per tonne in 2017, surging by X% against the previous year. Overall, petroleum export price continues to indicate a deep decrease. The growth pace was the most rapid in 2008, when the export prices increased by X% y-o-y. Over the period under review, the export prices for petroleum attained its peak figure level of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Israel

In 2017, approx. X tonnes of petroleum were imported into Israel; shrinking by -X% against the previous year. In general, petroleum imports continue to indicate a measured contraction. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. Over the period under review, the petroleum imports attained its maximum volume of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a measured setback. In that year, the petroleum imports reached their peak level of $X. From 2013 to 2017, growth of the petroleum imports stood at a somewhat lower level.

Petroleum Imports by Country into Israel

The U.S. (X tonnes) and Singapore (X tonnes) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tonnes), committing X% share of total imports. Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Israel lagged somewhat behind, together accounting for a further X%.

Malaysia (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Israel

The petroleum import price in Israel stood at $X per tonne in 2017, coming up by X% against the previous year. In general, petroleum import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, an increase of X% against the previous year. Over the period under review, the import prices for petroleum attained its maximum level of $X per tonne in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform