Israel: Phenols Market 2024

Phenols Market Size in Israel

The Israeli phenols market skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phenols Production in Israel

In value terms, phenols production surged to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Phenols production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Phenols Exports

Exports from Israel

Phenols exports from Israel shrank remarkably to X tons in 2023, falling by X% compared with the previous year. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, phenols exports fell notably to $X in 2023. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then contracted notably in the following year.

Exports by Country

China (X tons) was the main destination for phenols exports from Israel, accounting for a X% share of total exports. Moreover, phenols exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for phenols exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Export Prices by Country

The average phenols export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, recorded a notable increase. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2022, and then shrank slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Belgium ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Phenols Imports

Imports into Israel

In 2023, approx. X tons of phenols were imported into Israel; declining by X% against the previous year's figure. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, phenols imports shrank remarkably to $X in 2023. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, South Korea (X tons) constituted the largest phenols supplier to Israel, accounting for a X% share of total imports. Moreover, phenols imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, the largest phenols suppliers to Israel were South Korea ($X), China ($X) and Belgium ($X), together comprising X% of total imports. The United States, Spain, Taiwan (Chinese), Germany, Switzerland and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average phenols import price stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then declined in the following year.

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 China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, 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