Israel - Formic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Formic Acid, Its Salts and Esters in Israel - 2023
Contents:
- Price for Formic Acid, Its Salts and Esters in Israel (CIF) - 2022
- Price for Formic Acid, Its Salts and Esters in Israel (FOB) - 2022
- Imports of Formic Acid, Its Salts and Esters in Israel
- Exports of Formic Acid, Its Salts and Esters in Israel
Price for Formic Acid, Its Salts and Esters in Israel (CIF) - 2022
In 2022, the average import price for formic acid, its salts and esters amounted to $1,377 per ton, with an increase of 44% against the previous year. Over the period under review, the import price posted a pronounced expansion. The pace of growth was the most pronounced in 2017 an increase of 259% against the previous year. As a result, import price attained the peak level of $5,801 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($1,589 per ton) and the United States ($1,229 per ton), while the price for Switzerland ($1,182 per ton) and Turkey ($1,182 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Formic Acid, Its Salts and Esters in Israel (FOB) - 2022
In 2022, the average export price for formic acid, its salts and esters amounted to $4,158 per ton, with an increase of 135% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 1,303%. The export price peaked at $13,000 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,990 per ton), while the average price for exports to Germany ($1,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Formic Acid, Its Salts and Esters in Israel
In 2022, the amount of formic acid, its salts and esters imported into Israel soared to 2.8K tons, growing by 22% against the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of formic acid, its salts and esters surged to $3.9M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Formic Acid, Its Salts and Esters in Israel (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 402 | 370 | 938 | 1,488 | 54.7% |
Germany | 1,122 | 672 | 654 | 1,227 | 3.0% |
Netherlands | 243 | 356 | 428 | 412 | 19.2% |
Switzerland | N/A | N/A | N/A | 151 | 0% |
Turkey | N/A | N/A | 38.0 | 97.0 | 155.3% |
United States | 105 | 7.0 | 4.0 | 53.0 | -20.4% |
Others | 76.0 | 132 | 130 | 433 | 78.6% |
Total | 1,948 | 1,537 | 2,192 | 3,861 | 25.6% |
Top Suppliers of Formic Acid, Its Salts and Esters to Israel in 2022:
- China (1253.5 tons)
- Germany (772.0 tons)
- Netherlands (347.3 tons)
- Switzerland (127.7 tons)
- Turkey (82.0 tons)
- United States (43.1 tons)
Exports of Formic Acid, Its Salts and Esters in Israel
For the third year in a row, Israel recorded decline in overseas shipments of formic acid, its salts and esters, which decreased by -65.7% to 44 tons in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -9.2% was in 2020.
In value terms, exports of formic acid, its salts and esters reduced remarkably to $185K in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $229K, and then contracted dramatically in the following year.
Export of Formic Acid, Its Salts and Esters in Israel (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 73.0 | 52.0 | 75.0 | 49.0 | -12.4% |
Belgium | 25.0 | 29.0 | 24.0 | 38.0 | 15.0% |
India | 22.0 | 8.0 | 88.0 | 34.0 | 15.6% |
Germany | 65.0 | 22.0 | 24.0 | 28.0 | -24.5% |
China | 15.0 | 25.0 | 9.0 | 26.0 | 20.1% |
Switzerland | 7.0 | 8.0 | 9.0 | 9.0 | 8.7% |
Others | 1.0 | N/A | N/A | 1.0 | 0.0% |
Total | 208 | 144 | 229 | 185 | -3.8% |
Top Export Markets for Formic Acid, Its Salts and Esters from Israel in 2022:
- Netherlands (37.0 tons)
- Belgium (29.5 tons)
- Germany (25.7 tons)
- China (21.8 tons)
- India (11.4 tons)
- Switzerland (7.6 tons)
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Israel. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143250 - Formic acid, its salts and esters
Country coverage:
- Israel
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Israel
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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