Israel: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Israel

The Israeli hot-rolled silico-manganese steel bar market shrank to $X in 2021, dropping by -6.7% against the previous year. Over the period under review, consumption saw a noticeable decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in Israel

In value terms, hot-rolled silico-manganese steel bar production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of 78%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Israel

Hot-rolled silico-manganese steel bar exports from Israel totaled X tons in 2021, approximately mirroring 2020. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 with an increase of 256%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, hot-rolled silico-manganese steel bar exports stood at $X in 2021. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 500%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Vietnam (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from Israel, with a 89% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), ninefold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+30.9% per year) and China (+7.7% per year).

From 2013 to 2021, the average annual growth rate of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+25.6% per year) and China (+2.1% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 69%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-4.1%).

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Israel

In 2021, purchases abroad of hot-rolled bars of silico-manganese steel decreased by -46.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 161%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports contracted notably to $X in 2021. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 127% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest hot-rolled silico-manganese steel bar supplier to Israel, accounting for a 79% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. Spain (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.0% per year) and Spain (-5.6% per year).

In value terms, the UK ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Israel, comprising 78% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 8.3% share of total imports. It was followed by Spain, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-16.5% per year) and Spain (-6.6% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, picking up by 30% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of 43%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Spain ($X per ton) and the Netherlands ($X per ton), while the price for Turkey ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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