Israel: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Israel

For the fourth year in a row, the Israeli base metal flexible tubing market recorded decline in sales value, which decreased by -72.1% to $X in 2021. Over the period under review, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in Israel

In value terms, base metal flexible tubing production shrank sharply to $X in 2021 estimated in export price. In general, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 191% against the previous year. Base metal flexible tubing production peaked at $X in 2020, and then dropped dramatically in the following year.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports from Israel

In 2021, the amount of base metal flexible tubing, iron or steel exported from Israel soared to X tons, growing by 31% compared with the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 634% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, base metal flexible tubing exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 938% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for base metal flexible tubing exports from Israel, accounting for a 73% share of total exports. Moreover, base metal flexible tubing exports to the United States exceeded the volume sent to the second major destination, France (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +71.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.6% per year) and the UK (+97.7% per year).

In value terms, the United States ($X) remains the key foreign market for base metal flexible tubing, iron or steel exports from Israel, comprising 73% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by the UK, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.3% per year) and the UK (+105.3% per year).

Export Prices by Country

The average base metal flexible tubing export price stood at $X per ton in 2021, declining by -2.4% against the previous year. In general, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, base metal flexible tubing export price increased by +68.0% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 48% against the previous year. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were South Korea ($X per ton) and the United States ($X per ton), while the average price for exports to Poland ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports into Israel

In 2021, imports of base metal flexible tubing, iron or steel into Israel fell sharply to X tons, declining by -48.3% on the year before. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 120%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, base metal flexible tubing imports declined remarkably to $X in 2021. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 117%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and France (X tons) were the main suppliers of base metal flexible tubing imports to Israel, together comprising 74% of total imports. Germany, Switzerland, South Korea, Italy, the UK, Turkey, the Netherlands and Spain lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and France ($X) were the largest base metal flexible tubing suppliers to Israel, with a combined 74% share of total imports. These countries were followed by Germany, Switzerland, South Korea, Italy, the UK, Turkey, the Netherlands and Spain, which together accounted for a further 21%.

In terms of the main suppliers, Switzerland, with a CAGR of +10.5%, recorded the highest rates of growth with regard to 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 2021, the average base metal flexible tubing import price amounted to $X per ton, picking up by 11% against the previous year. Overall, the import price, however, showed a slight slump. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Spain ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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