Israel: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Israel

In 2021, the Israeli copper tube and pipe market increased by 55% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.9% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes And Pipes

Exports from Israel

In 2021, overseas shipments of copper tubes and pipes decreased by -49.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 58%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, copper tube and pipe exports shrank sharply to $X in 2021. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for copper tube and pipe exports from Israel, with a 53% share of total exports. Moreover, copper tube and pipe exports to Russia exceeded the volume sent to the second major destination, Palestine (X tons), threefold. The third position in this ranking was taken by Bulgaria (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-17.7% per year) and Bulgaria (+24.3% per year).

In value terms, Russia ($X) remains the key foreign market for copper tubes and pipes exports from Israel, comprising 57% of total exports. The second position in the ranking was held by Palestine ($X), with a 10% share of total exports. It was followed by Bulgaria, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-19.5% per year) and Bulgaria (+31.9% per year).

Export Prices by Country

In 2021, the average copper tube and pipe export price amounted to $X per ton, surging by 43% against the previous year. In general, export price indicated a moderate increase 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Palestine ($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 Bulgaria (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Israel

In 2021, the amount of copper tubes and pipes imported into Israel surged to X tons, with an increase of 19% compared with 2020. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports skyrocketed to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +73.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Greece (X tons) and Vietnam (X tons) were the main suppliers of copper tube and pipe imports to Israel, together comprising 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +44.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Greece ($X) and Vietnam ($X) constituted the largest copper tube and pipe suppliers to Israel, with a combined 64% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +47.6%, recorded the highest growth rate of 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 copper tube and pipe import price amounted to $X per ton, growing by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Hong Kong SAR ($X per ton) and Turkey ($X per ton), while the price for Vietnam ($X per ton) and Greece ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform