Waxes; Artificial, Prepared Price in Israel - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Israel (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Israel (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Israel
4. Waxes; Artificial, Prepared Exports in Israel

Waxes; Artificial, Prepared Price in Israel (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $3,294 per ton, rising by 17% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $3,421 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the Netherlands ($3,452 per ton) and South Korea ($3,452 per ton), while the price for India ($2,638 per ton) and Brazil ($2,671 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Israel (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $3,516 per ton, increasing by 11% against the previous year. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $3,529 per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($3,644 per ton) and Turkey ($3,644 per ton), while the average price for exports to Kenya ($3,262 per ton) and Italy ($3,364 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 Italy (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Israel

In 2022, waxes; artificial, prepared imports into Israel soared to 5.3K tons, growing by 23% compared with the previous year. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports skyrocketed to $17M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Israel in 2022:

1. United States (1656.3 tons)
2. Germany (1264.8 tons)
3. Belgium (535.6 tons)
4. South Korea (516.6 tons)
5. Italy (224.4 tons)
6. India (191.3 tons)
7. Spain (131.6 tons)
8. France (115.8 tons)
9. Brazil (114.7 tons)
10. United Kingdom (98.0 tons)
11. Switzerland (96.9 tons)
12. China (86.2 tons)

Waxes; Artificial, Prepared Exports in Israel

In 2022, shipments abroad of waxes; artificial, prepared decreased by -6.4% to 372 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 59%. As a result, the exports attained the peak of 433 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, waxes; artificial, prepared exports rose modestly to $1.3M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 62%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Waxes; Artificial, Prepared from Israel in 2022:

1. United States (136.7 tons)
2. Italy (92.1 tons)
3. Cyprus (45.9 tons)
4. Kenya (26.4 tons)
5. Thailand (24.7 tons)
6. United Kingdom (16.9 tons)
7. Turkey (13.3 tons)

Source: IndexBox Market Intelligence Platform