Hydantoin Market Overview in Israel
In value terms, hydantoin production stood at $2.7M in 2010 estimated in export prices. Overall, hydantoin production continues to indicate a precipitous reduction. The most prominent rate of growth was recorded in 2009 when production volume increased by 33% against the previous year. Hydantoin production peaked at $7.1M in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The revenue of the hydantoin market in Israel amounted to $2.5M in 2010, growing by 8.9% 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). Overall, the total market indicated a remarkable expansion from 2007 to 2010: its value decreased at an average annual rate of -2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, hydantoin consumption increased by +61.3% against 2007 indices. The most prominent rate of growth was recorded in 2009 with an increase of 27% year-to-year. Over the period under review, the hydantoin market attained its maximum level in 2010 and is expected to retain its growth in the immediate term.