Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel - 2024
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (CIF) - 2022
In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,076 per ton, with an increase of 57% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $1,155 per ton in 2012; however, from 2013 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 ($1,076 per ton) and Greece ($1,076 per ton), while the price for the UK ($1,076 per ton) and Switzerland ($1,076 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 (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (FOB) - 2022
The average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $779 per ton in 2022, rising by 15% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $1,070 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,177 per ton), while the average price for exports to the United States ($501 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 Turkey (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel
Imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s into Israel expanded remarkably to 1M tons in 2022, picking up by 15% compared with the previous year's figure. In general, total imports indicated a strong expansion 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 +80.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s surged to $1.1B in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.9 | 12.9 | 8.7 | 16.9 | 51.1% |
| Spain | 23.0 | 15.4 | 31.8 | 2.8 | -50.4% |
| United Kingdom | 9.5 | 0.9 | 8.7 | 2.5 | -35.9% |
| Netherlands | 4.5 | 4.2 | 0.6 | 1.6 | -29.2% |
| Greece | 15.6 | 10.2 | 21.4 | 1.0 | -60.0% |
| Switzerland | 0.4 | 5.3 | 0.3 | 0.8 | 26.0% |
| Turkey | 5.2 | 4.0 | 0.7 | 0.1 | -73.2% |
| France | 2.7 | 0.2 | 2.0 | 0.1 | -66.7% |
| Others | 437 | 251 | 544 | 1,087 | 35.5% |
| Total | 503 | 304 | 618 | 1,113 | 30.3% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Israel in 2022:
- Belgium (15.7K tons)
- Spain (2.6K tons)
- United Kingdom (2.3K tons)
- Netherlands (1.5K tons)
- Greece (0.9K tons)
- Switzerland (0.7K tons)
- Turkey (0.1K tons)
- France (0.1K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel
In 2022, approx. 64K tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were exported from Israel; reducing by -92.9% on the previous year. Overall, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of 900K tons, and then contracted significantly in the following year.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s reduced markedly to $50M in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 84%. As a result, the exports attained the peak of $610M, and then reduced notably in the following year.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.0 | 9.9 | 56.2 | 16.0 | -22.2% |
| Turkey | 39.5 | 17.2 | 30.5 | 15.5 | -26.8% |
| Netherlands | 45.5 | N/A | 34.8 | 7.8 | -44.4% |
| India | N/A | N/A | N/A | 4.0 | 0% |
| Italy | 8.3 | 39.8 | 26.2 | 3.1 | -28.0% |
| South Africa | 0.1 | 0.1 | 0.1 | 1.6 | 152.0% |
| Spain | 26.9 | N/A | 21.4 | 0.3 | -77.7% |
| Cyprus | 83.3 | 52.7 | 95.2 | 0.1 | -89.4% |
| South Korea | 31.1 | 52.9 | 47.4 | N/A | 23.5% |
| Palestine | 167 | 109 | 198 | N/A | 8.9% |
| Germany | 18.3 | 13.2 | 12.0 | N/A | -19.0% |
| France | 8.8 | 20.2 | 39.8 | N/A | 112.7% |
| Others | 43.7 | 15.5 | 48.5 | 1.5 | -67.5% |
| Total | 507 | 331 | 610 | 49.9 | -53.8% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Israel in 2022:
- United States (32.0K tons)
- Turkey (13.1K tons)
- Netherlands (8.4K tons)
- India (4.2K tons)
- Italy (3.2K tons)
- South Africa (1.5K tons)
- Spain (0.3K tons)
- Cyprus (0.1K tons)
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