Israel: Sugar Market Overview 2020

Sugar Market Size in Israel

The revenue of the sugar market in Israel amounted to $X in 2018, reducing by -X% against 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). Overall, sugar consumption, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, the sugar market reached its peak level of $X. From 2012 to 2018, the growth of the sugar market failed to regain its momentum.

Sugar Exports

Exports from Israel

In 2018, approx. X tonnes of sugar were exported from Israel; reducing by -X% against the previous year. In general, sugar exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. In that year, sugar exports attained their peak of X tonnes. From 2017 to 2018, the growth of sugar exports remained at a lower figure.

In value terms, sugar exports amounted to $X in 2018. Over the period under review, sugar exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. In that year, sugar exports attained their peak of $X. From 2017 to 2018, the growth of sugar exports failed to regain its momentum.

Exports by Country

Spain (X kg), Armenia (X kg) and Cyprus (X kg) were the main destinations of sugar exports from Israel, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Cyprus (+X% per year), while exports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) remains the key foreign market for sugar exports from Israel, comprising X% of total sugar exports. The second position in the ranking was occupied by Armenia ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Spain totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (-X% per year) and Cyprus (+X% per year).

Export Prices by Country

In 2018, the average sugar export price amounted to $X per tonne, coming down by -X% against the previous year. Overall, the sugar export price continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average export prices for sugar attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Cyprus ($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 Spain, while the prices for the other major destinations experienced a decline.

Sugar Imports

Imports into Israel

Sugar imports into Israel amounted to X tonnes in 2018, going down by -X% against the previous year. Overall, sugar imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, sugar imports attained their peak of X tonnes. From 2012 to 2018, the growth of sugar imports remained at a somewhat lower figure.

In value terms, sugar imports amounted to $X in 2018. Over the period under review, sugar imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, sugar imports reached their peak of $X. From 2012 to 2018, the growth of sugar imports remained at a lower figure.

Imports by Country

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

From 2007 to 2018, the average annual growth rate of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Austria (+X% per year).

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

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

Import Prices by Country

In 2018, the average sugar import price amounted to $X per tonne, going up by X% against the previous year. In general, the sugar import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. In that year, the average import prices for sugar attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for sugar remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Taiwan, Chinese ($X per tonne) and France ($X per tonne), while the price for the UK ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform