Israel: Copper Screw Market 2024

Copper Screw Market Size in Israel

The Israeli copper screw market surged to $X in 2021, with an increase of 19% 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). The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Copper screw consumption peaked in 2021 and is expected to retain growth in the near future.

Copper Screw Exports

Exports from Israel

Copper screw exports from Israel fell to X tons in 2021, with a decrease of -8.1% compared with the previous year. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 208% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper screw exports dropped modestly to $X in 2021. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 276% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons), the United States (X tons) and Germany (X kg) were the main destinations of copper screw exports from Israel, with a combined 82% 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 India (with a CAGR of +74.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper screw exported from Israel were India ($X), the United States ($X) and Germany ($X), together accounting for 82% of total exports.

India, with a CAGR of +80.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average copper screw export price amounted to $X per ton, surging by 5.3% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper screw export price decreased by -1.9% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 40%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Spain ($X per ton), while the average price for exports to Germany ($X per ton) and India ($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 Thailand (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Israel

Copper screw imports into Israel stood at X tons in 2021, growing by 6.8% against 2020. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 27% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, copper screw imports surged to $X in 2021. The total import value increased at an average annual rate of +6.0% 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 2014 when imports increased by 33%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of copper screw to Israel, accounting for a 43% share of total imports. Moreover, copper screw imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.6% per year) and Turkey (-2.8% per year).

In value terms, China ($X) constituted the largest supplier of copper screws, bolts and nuts to Israel, comprising 43% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.8% per year) and Turkey (-1.0% per year).

Import Prices by Country

The average copper screw import price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 when the average import price increased by 14%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per ton) and Italy ($X per ton), while the price for Turkey ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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