Israel: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Israel

The Israeli market for copper bars, wire and plates surged to $X in 2021, increasing by 38% 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). Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +94.7% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Bars, Wire And Plates

Exports from Israel

In 2021, shipments abroad of copper bars, wire and plates decreased by -8.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 72% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports contracted markedly to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 65%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for copper bars, wire and plates exports from Israel, with a 56% share of total exports. Moreover, copper bars, wire and plates exports to the United States exceeded the volume sent to the second major destination, China (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+61.2% per year) and Germany (-30.7% per year).

In value terms, the United States ($X) remains the key foreign market for copper bars, wire and plates exports from Israel, comprising 55% of total exports. The second position in the ranking was taken by China ($X), with a 10% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+59.4% per year) and Germany (-26.7% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, waning by -12.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($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 Belgium (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Israel

Copper bars, wire and plates imports into Israel expanded markedly to X tons in 2021, growing by 6.5% on 2020. The total import volume increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% 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 +104.6% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of copper bars, wire and plates to Israel, with a 54% share of total imports. Moreover, copper bars, wire and plates imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and France (+11.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of copper bars, wire and plates to Israel, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and France (+11.9% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, picking up by 42% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Bulgaria ($X per ton), while the price for Germany ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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