Israel: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Israel

In 2022, after two years of growth, there was significant decline in the Israeli market for copper bars, rods and profiles, when its value decreased by -68.4% to $X. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced notably in the following year.

Exports of Copper Bars, Rods and Profiles

Exports from Israel

In 2022, shipments abroad of copper bars, rods and profiles was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for copper bar, rod and profile exports from Israel, with a 84% share of total exports. Moreover, copper bar, rod and profile exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+15.2% per year) and China (+38.9% per year).

In value terms, the United States ($X) remains the key foreign market for copper bars, rods and profiles exports from Israel, comprising 90% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.3% share of total exports. It was followed by China, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+10.2% per year) and China (+41.5% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, with an increase of 3.2% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile export price increased by +19.9% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Italy (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Israel

Copper bar, rod and profile imports into Israel dropped markedly to X tons in 2022, which is down by -72.2% against 2021. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 79%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports reduced notably to $X in 2022. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell remarkably in the following year.

Imports by Country

France (X tons), Bulgaria (X tons) and Germany (X tons) were the main suppliers of copper bar, rod and profile imports to Israel, with a combined 58% share of total imports. Turkey, Italy, Belgium, Greece, the United States and Switzerland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +12.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Bulgaria ($X) and Germany ($X) constituted the largest copper bar, rod and profile suppliers to Israel, with a combined 60% share of total imports. Turkey, Italy, Belgium, the United States, Greece and Switzerland lagged somewhat behind, together accounting for a further 29%.

Italy, with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 import price for copper bars, rods and profiles amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +81.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 36%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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