Israel: Glucose Market 2024

Glucose Market Size in Israel

In 2023, after three years of growth, there was significant decline in the Israeli glucose market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a notable increase. Over the period under review, the market reached the peak level at $X in 2022, and then dropped markedly in the following year.

Glucose Exports

Exports from Israel

After six years of decline, shipments abroad of glucose and glucose syrup increased by X% to X tons in 2023. Overall, exports, however, saw a noticeable decrease. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, glucose exports dropped to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for glucose exports from Israel, with a X% share of total exports. Moreover, glucose exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Greece (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for glucose and glucose syrup exports from Israel, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Greece (X% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, showed a measured increase. The pace of growth appeared the most rapid in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank rapidly in the following year.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Greece ($X per ton) and the Netherlands ($X per ton), while the average price for exports to the United States ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glucose Imports

Imports into Israel

In 2023, purchases abroad of glucose and glucose syrup decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, glucose imports shrank rapidly to $X in 2023. Over the period under review, imports, however, recorded moderate growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of glucose imports to Israel, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glucose suppliers to Israel were China ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average glucose import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, glucose import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, average import prices attained the maximum in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform