Soybean oilcake market in Israel

Earlier Report Observations

The soybean oilcake market in Israel experienced significant shifts between 2018 and 2023. Overall consumption grew from 462 thousand tons in 2018 to a peak of 569 thousand tons in 2022, before contracting to 484 thousand tons in 2023. The initial expansion was partly driven by changing consumer preferences, including a notable 21% rise in sales of soy-based milk substitutes in 2018, which increased demand for soy-related products and supported market volume.

Domestic production declined substantially from 344 thousand tons in 2018 to 211 thousand tons in 2021, with a partial recovery to 260 thousand tons in 2022. This drop occurred alongside increasing concentration in the food industry, where a handful of large chains controlled a significant market share, potentially affecting production incentives. Imports surged from 118 thousand tons in 2018 to 309 thousand tons in 2022, filling the gap from lower domestic output and sustaining market growth. However, imports fell to 252 thousand tons in 2023, contributing to the overall market decline that year.

Regulatory changes aimed at reshaping the food sector gained momentum in 2023 and continued into 2024. Key measures included reducing import barriers by cancelling unique product standards, enhancing consumer protection laws, and proposing legislation to address high industry concentration. While these reforms are designed to boost competition, their introduction coincided with the market contraction in 2023. Import volumes showed a modest rebound in 2024, reaching 267 thousand tons.

Production soybean oilcake in Israel

In kind, 2017-2020, K t

Top producers of soybean oilcake, 2017-2020

World map of production of soybean oilcake, 2017-2020

Israel's soybean oilcake production has declined for the second year in a row. In 2020, the country produced 298.1 thousand tons, marking an 8.5% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 13.4%, with an average annual decline of 4.7%. The largest increase occurred in 2018, but it was negligible at 0.0%.

Annual dynamics of production in Israel in kind, 2017-2020, K t

Exports soybean oilcake from Israel

Exports in kind, K t

In 2018, Israel's foreign soybean oilcake supplies totaled 0.0 thousand tons, representing a sharp 96.1% drop compared to the year before.

Annual dynamics of product's exports from Israel in kind, 2017-2020, K t

From 2017 to 2020, Jordan was the overwhelmingly dominant buyer of soybean oilcake from Israel, accounting for 96.3% of total exports in volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Israel in kind, 2017-2020

Exports in value, K $ US

In 2018, soybean oilcake exports from Israel amounted to 15 thousand US dollars, reflecting a significant decline of 95.7% compared to 2017.

Annual dynamics of product's exports from Israel in value, 2017-2020, K $ US

Throughout 2017 to 2020, Jordan dominated the partner structure of exports in value terms, consistently making up 95.9% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Israel in value, 2017-2020

Imports soybean oilcake to Israel

Imports in kind, K t

Soybean oilcake shipments to Israel from abroad have increased for the second consecutive year. In 2020, Israel imported 230.8 thousand tons, up by 30.8% from 2019. Over the period from 2017 to 2020, imports grew by 33.3%, with an average annual growth rate of 10.1%. The lowest volume was recorded in 2018 at 118.2 thousand tons, which also saw the largest decline of 31.7%. The largest increase occurred in 2019, with a 49.3% rise.

Annual dynamics of product's imports to Israel in kind, 2017-2020, K t

From 2017 to 2020, Switzerland, the United States, and Argentina formed the core group of markets for imports in volume, accounting for 44.6%, 33.9%, and 14.3% of imports, respectively. Together, they represented 92.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Israel in kind, 2017-2020

Imports in value, K $ US

Soybean oilcake shipments to Israel from abroad have increased for the second year in a row. In 2020, Israel imported 97 523 thousand US dollars worth of soybean oilcake, a 40.5% rise from the previous year. Over the period from 2017 to 2020, imports increased by 42.2%, with an average annual growth rate of 12.5%. The lowest value was recorded in 2018 at 54 481 thousand US dollars, which also experienced the largest decline of 20.5%.

Annual dynamics of product's imports to Israel in value, 2017-2020, K $ US

In 2017 to 2020, Switzerland, the United States, and Argentina were the main destinations for soybean oilcake imports to Israel in value terms, accounting for 44.2%, 33.2%, and 15.2% of imports, respectively. Together, they made up 92.7% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Israel in value, 2017-2020