Israel: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Israel

The Israeli rosin and resin acids market shrank to $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Israel

In 2022, approx. X tons of rosin and resin acids and derivatives were exported from Israel; with an increase of X% against 2021 figures. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rosin and resin acids exports surged to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for rosin and resin acids exports from Israel, with a X% share of total exports. Moreover, rosin and resin acids exports to India exceeded the volume sent to the second major destination, Colombia (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Mexico (X% per year).

In value terms, India ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Israel, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Azerbaijan ($X per ton) and Uganda ($X per ton), while the average price for exports to Colombia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into Israel

In 2022, rosin and resin acids imports into Israel contracted to X tons, which is down by X% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rosin and resin acids imports expanded notably to $X in 2022. In general, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main suppliers of rosin and resin acids imports to Israel, with a combined X% share of total imports. Portugal, Greece, the United States and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Switzerland ($X) appeared to be the largest rosin and resin acids suppliers to Israel, together accounting for X% of total imports. Portugal, Greece, the United States and Indonesia lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 rosin and resin acids import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rosin and resin acids import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform