Israel: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Israel

The Israeli market for hot-rolled steel bars and rods soared to $X in 2021, rising by 58% 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 showed a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Hot-Rolled Steel Bars and Rods

Exports from Israel

In 2021, approx. X tons of hot-rolled steel bars and rods were exported from Israel; picking up by 12% compared with the previous year. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when exports increased by 164%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2021. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 297% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons), India (X tons) and Nigeria (X tons) were the main destinations of hot-rolled steel bar and rod exports from Israel, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +62.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled steel bar and rod exported from Israel were Nigeria ($X), India ($X) and Austria ($X), together comprising 70% of total exports.

Among the main countries of destination, Nigeria, with a CAGR of +75.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for hot-rolled steel bars and rods stood at $X per ton in 2021, rising by 9.3% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2019 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+7.9%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Steel Bars and Rods

Imports into Israel

In 2021, overseas purchases of hot-rolled steel bars and rods increased by 25% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, hot-rolled steel bar and rod imports surged to $X in 2021. In general, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Russia (X tons) and Greece (X tons) were the main suppliers of hot-rolled steel bar and rod imports to Israel, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +78.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of hot-rolled steel bars and rods to Israel, comprising 51% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports. It was followed by Greece, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+74.8% per year) and Greece (+13.5% per year).

Import Prices by Country

The average import price for hot-rolled steel bars and rods stood at $X per ton in 2021, surging by 40% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :