Market for Natural Rubber And Gum in Israel
Market Overview
In 
, the Israeli natural rubber and gum market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Overall, consumption faced a drastic downturn. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, the Israeli natural rubber and gum market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Overall, consumption faced a drastic downturn. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Consumption
After three years of growth, consumption of natural rubber and gums decreased by -% to tons in . In general, consumption saw a abrupt curtailment. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the natural rubber and gum market in Israel shrank sharply to $ in , falling by -% 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, consumption recorded a abrupt decrease. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
% to tons in . In general, consumption saw a abrupt curtailment. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the natural rubber and gum market in Israel shrank sharply to $
in , falling by -% 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, consumption recorded a abrupt decrease. Natural rubber and gum consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for natural rubber and gum in Israel, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Natural rubber and gum market in Israel consists almost entirely of imported products.
Trade Balance
Israel remains a net importer of natural rubber and gum; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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