Import / Export Prices

Part
01
of three
Part
01

Import / Export Prices: Solvents / White Spirits, Israel

The import world value per ton of aliphatic solvents/ white spirits in Israel is $2,956 and the export value is 2,975.

FINDINGS

RESEARCH STRATEGY

Our research team used the ITC Trade Map to determine the current import and export prices of aliphatic solvents / white spirits in Israel. To find the results we entered "code 3814" under products, "Israel" under country, and "import", "exports" under other criteria. All other information was left at the default settings. We reviewed the Global Aliphatic Hydrocarbon Solvents and Thinners Market report provided by PRNewswire to make sure that the code "Organic Composite Solvents and Thinners" was an accurate coding for the products you inquired. We could not find the actual paid price but we could find the value. The database used does not provide price and no other database located provides price. Only value of the good are provided.
Part
02
of three
Part
02

Import / Export Prices: White Oils, Israel

After an extensive search through government websites, international trade sites, and industry reports, we were unable to locate any current pricing data for aliphatic white oils that were imported or exported from Israel. However, we did find some valuable data on the value of medium oils imports and exports in Israel in 2018. This data does not distinguish between aliphatics and aromatics.

HELPFUL FINDINGS

IMPORT PRICE OF medium oils; white OILS

  • The global import value of medium oils to Israel was $508 million in 2018.
  • The 2018 global average price for medium oils (HS code 271019) imported to Israel was $1,490 per ton.
  • The United Kingdom exported 49,020 tons to Israel in 2018.
  • White oil which is a subset of the larger medium oil sector — HS Code of 27101985; this could not be determined as it was behind a paywall.
  • Please note these results came from a specific search on Trade Map. Unfortunately, the URL of the results is not shareable, so screenshots were taken and placed in a Google doc for viewing. These screenshots also show the specific parameters used in the search so it can be recreated.

EXPORT PRICE OF medium oils; white oils

  • In 2018, the global export value of medium oils from Israel was $1.8 billion.
  • The 2018 global average price for medium oils (HS code 271019) exported from Israel was $1,417 per ton.
  • Russian Federation has the highest value of medium oils import — $968 million683,508 tons in 2018.
  • White oil which is a subset of the larger medium oil sector — HS Code of 27101985; this could not be determined as it was behind a paywall.
  • Please note these results came from a specific search on Trade Map. Unfortunately, the URL of the results is not shareable, so screenshots were taken and placed in a Google doc for viewing. These screenshots also show the specific parameters used in the search so it can be recreated.

GLOBAL INSIGHT OF WHITE OIL

  • The global white oil market has a CAGR of 4.2% and projected to be $2.71 billion by the end of 2025.
  • The global white oil market is segmented by product into pharma grade, cosmetic grade, and technical grade.
  • Exxon Mobil Corporation, British Petroleum, Seojin Chemical Co. Ltd., Renkert Oil Inc., Sasol, Nynas Ab, Sonneborn Inc., are some key players in the global white oil market.

RESEARCH STRATEGY

We began our search by looking for data published by the Israeli government on the country's imports and exports. The Foreign Trade Administration under the Ministry of Economy and Industry is responsible for regulating trade in Israel. Our thought was that this governmental entity may provide statistics on imports and exports in Israel, including average pricing data. However, a thorough search of the limited resources available on the website did not provide any data on pricing. While we found details on opportunities for Israel in the oil and gas sector, as well as news on investment growth in the country, there was no data on pricing for imports or exports.

Next, we scoured through industry reports, and press releases for information regarding import and export prices of aliphatic white oils in Israel. We utilize PR Newswire, and Transparency Market Research — hoping that they would provide information regarding import and export prices of aliphatic white oils in Israel. Using this strategy, we were able to unearth information regarding the global growth rate of white oil — this does not specify whether it was aromatic or aliphatic. According to Transparency Market Research, the global key players of the white oil market are Exxon Mobil Corporation, British Petroleum, Seojin Chemical Co. Ltd., Renkert Oil Inc., Sasol, Nynas AB, Sonneborn Inc., Royal Dutch Shell N.V., JX Nippon Oil & Energy Corporation, and Petro-Canada. However, no information was found concerning the import and export prices of aliphatic white oils in Israel.

Finally, we combed through the global database that reports on world trade; hoping that they would provide details on pricing for various imports and exports. Our research team utilizes Infodrive and Trade Map. Infodrive reports that white oil was exported to the United States from Israel in 2015. While these contained the weight of the shipment and the quantity; we were unable to locate recent information and pricing information as this was reported behind a paywall. Trade Map had promising data from 2018; which indicated the value per ton for both imports and exports of medium oils. Imports and exports value of white oil could not be located as this was behind a paywall.

From our search, we found that "white oil contains 70% by weight of petroleum oil or of oils obtained from bituminous minerals". Specifically, Tariff Number classified white oil under “other oils” with HS Code 271019 — medium oils, heavy oils, gas oil, fuel oils, lubricating oils or other oils for other purposes. On the other hand, white oil which is a subset of the larger medium oil sector — HS Code of 27101985 — could not be determined as it was behind a paywall. To determine the current import and export prices of medium oils; we entered "code 271019" under products, "Israel" under country, and "import", "exports" under other criteria. All other information was left at the default settings.
Part
03
of three
Part
03

Import / Export Prices: Paraffin Wax, Israel

After an extensive search through government websites, international trade sites, and websites of paraffin producers in Israel, we were unable to locate any current pricing data for paraffin wax imported or exported from Israel. However, we did find some valuable data on the value per ton for paraffin wax imports and exports in Israel from 2018. This data does not distinguish between aliphatics and aromatics.

HELPFUL FINDINGS

Export Average Value Per Unit

  • The 2018 world average price for paraffin wax (HS code 2712) exported from Israel was $1,619 per ton.
  • The U.S. pays the lowest price per ton, at $1,500, and Georgia pays the most, at $1,850.
  • Israel exported a total of 884 tons of paraffin wax in 2018 and the largest amounts went to Brazil (199 tons), Spain (119 tons), Poland (111 tons), South Africa (99 tons), and Italy (98 tons).
  • Please note these results came from a specific search on Trade Map. Unfortunately the URL of the results is not shareable, so screenshots were taken and placed in a Google doc for viewing. These screenshots also show the specific parameters used in the search so it can be recreated.

Import Average Value Per Unit

  • The 2018 world average price for paraffin wax (HS code 2712) imported to Israel was $1,532 per ton.
  • Wax imported from Austria, Spain, and Mexico was the cheapest, at $1,000 per ton. Wax imported from Czech Republic cost $2,000 per ton and was the most expensive.
  • Israel imported a total of 3,511 tons of paraffin wax in 2018 with the most coming from Turkey (740 tons), India (467 tons), China (507), Germany (438), and the U.S. (446).
  • Please note these results came from a specific search on Trade Map. Unfortunately the URL of the results is not shareable, so screenshots were taken and placed in a Google doc for viewing. These screenshots also show the specific parameters used in the search so it can be recreated.

Research Strategy

We began our search by looking for data published by the Israeli government on the country's imports and exports. The Foreign Trade Administration under the Ministry of Economy and Industry is responsible for regulating trade in Israel. Our thought was that this governmental entity may provide statistics on imports and exports in Israel, including average pricing data. However, a thorough search of the limited resources available on the website did not provide any data on pricing. We also did an in depth search of iTrade, which is published by the Foreign Trade Administration and reports on news related to trade. While we found details on opportunities for Israel in the oil and gas sector, as well as news on investment growth in the country, there was no data on pricing for imports or exports.

Next we searched for global websites that report on world trade hoping that they would provide details on pricing for various imports and exports. This brought us to sites such as ITC (International Trade Center) Trade Map, World Integrated Trade Solution (WITS), and Trading Economics. Trade Map had promising data from 2018 which indicated the average value per ton for both imports and exports of paraffin wax in Israel. However, it was noted that this was 2018 data, not current, and the site specifically noted that this was not the same as pricing data.

Finally, we searched for companies in Israel that export paraffin wax. Our hope was that these companies would provide current pricing data on their websites. Sites such as Panjiva and Tridge were utilized to search for paraffin wax manufacturers. While Tridge was not useful, as they didn't list any paraffin wax producers from any country, Panjiva provided the names of several companies to further research. These included Haifa Basic Oils, Tanko International, Polyram Plastic Industries, and Keren In Negev. While Panjiva requires a sign up to access most of the data, we were able to access the bill of lading for several paraffin wax shipments. Although these contained the weight of the shipment, there was no pricing information.

We then proceeded to the websites of the various companies to see if they published pricing data. Haifa Basic Oils site was under construction and did not have any information. Tanko International turned out to be a tank container company and was not a wax producer so that was another dead end. A search of Polyram's product line showed that they do not offer paraffin wax, and Keren in Negrev is a trading company that did not have paraffin was listed on its site as one the products they export. We found one last company, Trisun, that listed paraffin wax in their product catalog but did not have pricing data available.Since we were never able to locate any pricing data for Israeli imports and exports of paraffin wax, we were also not able to provide any data on the quantity required to get that price.
Sources
Sources