Israel: Salt Market Overview 2020

Salt Market Size in Israel

The revenue of the salt market in Israel amounted to $X in 2018, falling by -X% against the previous year. Overall, salt consumption continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, the salt market reached its peak level of $X, and then declined slightly in the following year.

Salt Production in Israel

In value terms, salt production totaled $X in 2018 estimated in export prices. In general, salt production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, salt production reached its peak level of $X, and then declined slightly in the following year.

Salt Exports

Exports from Israel

In 2018, approx. X tonnes of salt and pure sodium chloride were exported from Israel; growing by X% against the previous year. Over the period under review, salt exports, however, continue to indicate a moderate reduction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. In that year, salt exports attained their peak of X tonnes. From 2015 to 2018, the growth of salt exports remained at a lower figure.

In value terms, salt exports amounted to $X in 2018. The total export value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, salt exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. (X tonnes), Cote d'Ivoire (X tonnes) and Portugal (X tonnes) were the main destinations of salt exports from Israel, with a combined X% share of total exports. These countries were followed by the UK, Palestine, Russia, Germany, Nigeria, Romania, Serbia, the Dominican Republic and Bulgaria, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Israel were the U.S. ($X), the UK ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports. Palestine, Germany, Portugal, Russia, the Dominican Republic, Romania, Nigeria, Serbia and Bulgaria lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Russia experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average salt export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the salt export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. In that year, the average export prices for salt and pure sodium chloride reached their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per tonne), while the average price for exports to Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Israel

In 2018, approx. X tonnes of salt and pure sodium chloride were imported into Israel; growing by X% against the previous year. Over the period under review, salt imports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. In that year, salt imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, salt imports totaled $X in 2018. In general, salt imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, salt imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest supplier of salt to Israel, with a X% share of total imports. Moreover, salt imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), fivefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Italy (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of salt to Israel, comprising X% of total salt imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2018, the average salt import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the salt import price continues to indicate an abrupt slump. The growth pace was the most rapid in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform