Israel: Wire And Cable Market 2024

Wire And Cable Market Size in Israel

The Israeli wire and cable market skyrocketed to $X in 2021, growing by 37% 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). In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wire And Cable Exports

Exports from Israel

In 2021, overseas shipments of insulated wire and cable increased by 21% to X tons, rising for the third year in a row after three years of decline. In general, exports, however, showed a noticeable shrinkage. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), the United States (X tons) and Colombia (X tons) were the main destinations of wire and cable exports from Israel, with a combined 59% share of total exports. Canada, Palestine, China, the UK, Singapore, South Korea, Belgium, Thailand, Germany and Russia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +63.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Belgium ($X) were the largest markets for wire and cable exported from Israel worldwide, together accounting for 52% of total exports.

India, with a CAGR of +56.3%, saw the highest growth rate of the value of exports, in terms of 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

The average wire and cable export price stood at $X per ton in 2021, rising by 12% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price 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, wire and cable export price increased by +70.6% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Palestine ($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 Belgium (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Israel

In 2021, wire and cable imports into Israel surged to X tons, picking up by 23% against 2020. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wire and cable imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Romania (X tons) were the main suppliers of wire and cable imports to Israel, with a combined 67% share of total imports. The United States, Germany, Poland, Greece, Spain and South Korea lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Romania ($X) constituted the largest wire and cable suppliers to Israel, together comprising 59% of total imports. These countries were followed by the United States, Germany, Poland, Greece, Spain and South Korea, which together accounted for a further 23%.

Greece, with a CAGR of +56.3%, recorded 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 wire and cable import price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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