Israel: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Israel

The Israeli phosphoric acid market shrank remarkably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a deep contraction. Phosphoric acid consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Phosphoric Acid Production in Israel

In value terms, phosphoric acid production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Phosphoric Acid Exports

Exports from Israel

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were exported from Israel; picking up by X% compared with the year before. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports surged to $X in 2022. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for phosphoric acid exports from Israel, with a X% 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), twofold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Brazil (X% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated slight growth 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. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Israel

In 2022, purchases abroad of phosphoric acid and polyphosphoric acids increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw notable growth. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, phosphoric acid imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible 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. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of phosphoric acid to Israel, accounting for a X% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Israel, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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