Israel: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Israel

The Israeli pig iron articles market expanded rapidly to $X in 2021, growing by 11% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Pig Iron Articles Production in Israel

In value terms, pig iron articles production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 102% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Pig Iron Articles Exports

Exports from Israel

In 2021, exports of granules and powders of pig iron from Israel soared to X tons, with an increase of 2,451% on 2020 figures. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pig iron articles exports soared to $X in 2021. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for pig iron articles exports from Israel, accounting for a 80% share of total exports. Moreover, pig iron articles exports to the United States exceeded the volume sent to the second major destination, Kazakhstan (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +101.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (0.0% per year) and Germany (+14.6% per year).

In value terms, the United States ($X) remains the key foreign market for granules and powders of pig iron exports from Israel, comprising 80% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 17% share of total exports. It was followed by Germany, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +124.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (0.0% per year) and Germany (+16.1% per year).

Export Prices by Country

The average pig iron articles export price stood at $X per ton in 2021, with an increase of 2.5% against the previous year. In general, the export price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2014 an increase of 694%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 China (+56.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Israel

After two years of decline, supplies from abroad of granules and powders of pig iron increased by 17% to X tons in 2021. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, pig iron articles imports soared to $X in 2021. Overall, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 44% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of pig iron articles imports to Israel, with a combined 55% share of total imports. South Africa, China, the UK, Turkey, Romania, Sweden and Taiwan (Chinese) lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the United States ($X) were the largest pig iron articles suppliers to Israel, with a combined 45% share of total imports. These countries were followed by China, the UK, Turkey, South Africa, Romania, Sweden and Taiwan (Chinese), which together accounted for a further 29%.

South Africa, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average pig iron articles import price amounted to $X per ton, growing by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform