Israel: Market for Hot-Rolled Round Bars Of Stainless Steel 2024

Market Size for Hot-Rolled Round Bars Of Stainless Steel in Israel

In 2021, the Israeli hot-rolled round stainless steel market increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from Israel

In 2021, hot-rolled round stainless steel exports from Israel surged to X tons, rising by 247% compared with the year before. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled round stainless steel exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), India (X tons) and China (X tons) were the main destinations of hot-rolled round stainless steel exports from Israel, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +57.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled round stainless steel exported from Israel were Germany ($X), India ($X) and China ($X), together comprising 58% of total exports.

Among the main countries of destination, China, with a CAGR of +85.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hot-rolled round stainless steel export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 (+17.4%).

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports into Israel

In 2021, approx. X tons of hot-rolled round bars of stainless steel were imported into Israel; with an increase of 12% compared with the previous year. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 159% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel imports skyrocketed to $X in 2021. In general, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 120%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest hot-rolled round stainless steel supplier to Israel, accounting for a 67% share of total imports. Moreover, hot-rolled round stainless steel imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and China (+6.9% per year).

In value terms, the United States ($X) constituted the largest supplier of hot-rolled round bars of stainless steel to Israel, comprising 67% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.8% per year) and China (+0.5% per year).

Import Prices by Country

The average hot-rolled round stainless steel import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and the UK ($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 (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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