Israel: Metal Link Chain Market 2024

Metal Link Chain Market Size in Israel

In 2021, the Israeli metal link chain market increased by 17% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal link chain consumption peaked in 2021 and is expected to retain growth in years to come.

Metal Link Chain Exports

Exports from Israel

In 2021, approx. X tons of iron or steel articulated link chain were exported from Israel; waning by -41.8% compared with the previous year's figure. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 429%. The exports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, metal link chain exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 196% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of metal link chain exports from Israel, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +142.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for iron or steel articulated link chain exports from Israel, comprising 53% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Germany, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +92.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+120.5% per year) and Germany (+40.5% per year).

Export Prices by Country

In 2021, the average metal link chain export price amounted to $X per ton, increasing by 104% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth was the most pronounced in 2016 an increase of 187% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 Singapore (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Link Chain Imports

Imports into Israel

In 2021, the amount of iron or steel articulated link chain imported into Israel expanded to X tons, with an increase of 3.1% against the year before. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, metal link chain imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and the UK (X tons) were the main suppliers of metal link chain imports to Israel, with a combined 48% share of total imports. The United States, the Netherlands, Italy, Denmark and France lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal link chain suppliers to Israel were Germany ($X), China ($X) and the UK ($X), together comprising 48% of total imports. These countries were followed by the United States, the Netherlands, Italy, Denmark and France, which together accounted for a further 38%.

Denmark, with a CAGR of +42.2%, 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 metal link chain import price amounted to $X per ton, picking up by 12% against the previous year. In general, the import price showed a modest expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 16%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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