Israel: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Israel

The Israeli worked wax articles market dropped rapidly to $X in 2022, falling 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). Over the period under review, consumption continues to indicate a noticeable slump. Worked wax articles consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Worked Wax Articles Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in shipments abroad of worked articles of wax, when their volume decreased by X% to X units. In general, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked wax articles exports declined remarkably to $X in 2022. Overall, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units) and the Netherlands (X units) were the main destinations of worked wax articles exports from Israel.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%).

In value terms, the largest markets for worked wax articles exported from Israel were Poland ($X) and the Netherlands ($X). Moreover, worked wax articles exports in Poland exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

In terms of the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average worked wax articles export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Worked Wax Articles Imports

Imports into Israel

In 2022, approx. X units of worked articles of wax were imported into Israel; reducing by X% compared with the previous year. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports declined remarkably to $X in 2022. Overall, imports showed a noticeable curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X units), the United States (X units) and India (X units) were the main suppliers of worked wax articles imports to Israel, with a combined X% share of total imports. Colombia, South Korea, Hong Kong SAR and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest worked wax articles suppliers to Israel were Belgium ($X), the United States ($X) and India ($X), with a combined X% share of total imports. Colombia, South Korea, Hong Kong SAR and China lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average worked wax articles import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per unit) and China ($X per unit), while the price for South Korea ($X per unit) and Belgium ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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