Israel: Nitrogen Market 2024

Nitrogen Market Size in Israel

In 2023, the Israeli nitrogen market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Nitrogen Production in Israel

In value terms, nitrogen production shrank slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Nitrogen production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Nitrogen Exports

Exports from Israel

Nitrogen exports from Israel soared to X cubic meters in 2023, jumping by X% compared with 2022 figures. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, nitrogen exports soared to $X in 2023. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

India (X cubic meters), the UK (X cubic meters) and Palestine (X cubic meters) were the main destinations of nitrogen exports from Israel, together accounting for X% of total exports. The United States and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, India ($X), the UK ($X) and Palestine ($X) constituted the largest markets for nitrogen exported from Israel worldwide, with a combined X% share of total exports. The United States and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average nitrogen export price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to India ($X per cubic meter) and the United States ($X per cubic meter), while the average price for exports to Palestine ($X per cubic meter) and the Netherlands ($X per cubic meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrogen Imports

Imports into Israel

In 2023, nitrogen imports into Israel dropped dramatically to X cubic meters, which is down by X% compared with the previous year's figure. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, nitrogen imports shrank sharply to $X in 2023. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X cubic meters), South Korea (X cubic meters) and China (X cubic meters) were the main suppliers of nitrogen imports to Israel, together comprising X% of total imports. Poland, the UK, Belgium, the Czech Republic, Spain, Germany and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and China ($X) constituted the largest nitrogen suppliers to Israel, with a combined X% share of total imports. Poland, the UK, the Czech Republic, Spain, Germany, Belgium and Egypt lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 nitrogen import price amounted to $X per cubic meter, jumping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per cubic meter), while the price for Egypt ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform