Israel: Salt Market 2022

Salt Market Size in Israel

The Israeli salt market dropped to $X in 2021, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when the market value increased by X%. Salt consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Salt Production in Israel

In value terms, salt production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Salt production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Salt Exports

Exports from Israel

Salt exports from Israel amounted to X tonnes in 2021, therefore, remained relatively stable against 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, salt exports fell to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tonnes), Cote d'Ivoire (X tonnes) and Palestine (X tonnes) were the main destinations of salt exports from Israel, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Palestine ($X) and the UK ($X) constituted the largest markets for salt exported from Israel worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Palestine ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Israel

Salt imports into Israel was estimated at X tonnes in 2021, remaining constant against the year before. In general, imports enjoyed a significant expansion. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, salt imports expanded markedly to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the Netherlands (X tonnes) constituted the largest supplier of salt to Israel, accounting for a X% share of total imports. Moreover, salt imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (+X% per year).

In value terms, France ($X), Spain ($X) and Germany ($X) appeared to be the largest salt suppliers to Israel, together accounting for X% of total imports.

Among the main suppliers, Spain, with a CAGR of +X%, recorded 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

In 2021, the average salt import price amounted to $X per tonne, approximately reflecting the previous year. Overall, the import price continues to indicate a mild slump. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform