Israel: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Israel

For the ninth year in a row, the Israeli articles of fiber cement market recorded growth in sales value, which increased by 31% to $X in 2022. Over the period under review, consumption recorded a remarkable increase. Articles of fiber cement consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Israel

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Israel soared to X tons, growing by 44% compared with the previous year's figure. In general, exports showed buoyant growth. The growth pace was the most rapid in 2017 with an increase of 437% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, articles of fiber cement exports surged to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 380%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Nigeria (X tons) was the main destination for articles of fiber cement exports from Israel, with a 77% share of total exports. Moreover, articles of fiber cement exports to Nigeria exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Nigeria amounted to +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.7% per year) and Spain (+34.9% per year).

In value terms, Nigeria ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Israel, comprising 86% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria stood at +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.5% per year) and Spain (+35.1% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, jumping by 49% against the previous year. In general, the export price saw a temperate expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Israel

In 2022, articles of fiber cement imports into Israel soared to X tons, increasing by 38% compared with the year before. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, articles of fiber cement imports soared to $X in 2022. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 75%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest articles of fiber cement supplier to Israel, accounting for a 56% share of total imports. Moreover, articles of fiber cement imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.8% per year) and Thailand (-6.6% per year).

In value terms, Italy ($X), Turkey ($X) and Thailand ($X) were the largest articles of fiber cement suppliers to Israel, together comprising 73% of total imports. China, Belgium, Poland, Japan, India and the Philippines lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Japan, with a CAGR of +155.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, waning by -5.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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