Israel: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Israel

The Israeli electrical insulating fittings market expanded remarkably to $X in 2022, surging by 7% 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). Overall, consumption saw a prominent expansion. Electrical insulating fittings consumption peaked in 2022 and is likely to continue growth in the immediate term.

Electrical Insulating Fittings Exports

Exports from Israel

For the fourth consecutive year, Israel recorded growth in shipments abroad of electrical insulating fittings of plastics, which increased by 0.3% to X tons in 2022. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,034% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports fell slightly to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,033% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X kg) was the main destination for electrical insulating fittings exports from Israel, accounting for a 50% share of total exports. Moreover, electrical insulating fittings exports to India exceeded the volume sent to the second major destination, Germany (X kg), fourfold. The third position in this ranking was held by the Philippines (X kg), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-26.6% per year) and the Philippines (0.0% per year).

In value terms, India ($X) emerged as the key foreign market for electrical insulating fittings of plastics exports from Israel, comprising 50% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by the Philippines, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-24.2% per year) and the Philippines (0.0% per year).

Export Prices by Country

The average electrical insulating fittings export price stood at $X per ton in 2022, dropping by -4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and Belgium ($X per ton), while the average price for exports to Thailand ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Israel

In 2022, the amount of electrical insulating fittings of plastics imported into Israel amounted to X tons, surging by 7.3% compared with the previous year. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, electrical insulating fittings imports expanded remarkably to $X in 2022. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), France (X tons) and the United States (X tons) were the main suppliers of electrical insulating fittings imports to Israel, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the United States ($X) were the largest electrical insulating fittings suppliers to Israel, with a combined 70% share of total imports.

China, with a CAGR of +58.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and France ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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