Israel: Phosphoric Acid Market 2022

Phosphoric Acid Market Size in Israel

The Israeli phosphoric acid market shrank markedly to $X in 2021, waning by -19.4% against the previous year. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Phosphoric Acid Production in Israel

In value terms, phosphoric acid production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 26%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Phosphoric Acid Exports

Exports from Israel

Phosphoric acid exports from Israel contracted modestly to X tons in 2021, waning by -4.7% on 2020. In general, exports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2015 when exports increased by 92%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, phosphoric acid exports reduced to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for phosphoric acid exports from Israel, accounting for a 43% share of total exports. Moreover, phosphoric acid exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.2% per year) and Spain (+4.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for phosphoric acid exports from Israel, comprising 43% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Spain, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.4% per year) and Spain (+3.0% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2021, falling by -5.6% against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to India ($X per ton) and the United States ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.6%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into Israel

Phosphoric acid imports into Israel shrank slightly to X tons in 2021, with a decrease of -3.4% against 2020 figures. Over the period under review, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, phosphoric acid imports shrank modestly to $X in 2021. Overall, imports saw a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of phosphoric acid to Israel, with a 86% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-16.8% per year) and Germany (-14.6% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid to Israel, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.9% share of total imports. It was followed by Germany, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-18.2% per year) and Germany (-16.0% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2021, picking up by 3% against the previous year. Overall, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :