Israel: Metal Chain Market 2024

Metal Chain Market Size in Israel

The Israeli metal chain market reduced notably to $X in 2022, shrinking by -46.2% 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, however, saw slight growth. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Metal Chain Exports

Exports from Israel

In 2022, overseas shipments of iron or steel chain decreased by -63.6% to X tons, falling for the second year in a row after two years of growth. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,312% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports fell markedly to $X in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 1,475% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for metal chain exports from Israel, with a 73% share of total exports. Moreover, metal chain exports to the United States exceeded the volume sent to the second major destination, South Korea (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-29.3% per year) and Romania (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel chain exports from Israel, comprising 73% of total exports. The second position in the ranking was held by South Korea ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-33.3% per year) and Romania (0.0% per year).

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, dropping by -5.6% against the previous year. In general, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Chain Imports

Imports into Israel

Metal chain imports into Israel contracted remarkably to X tons in 2022, reducing by -48.4% against 2021 figures. Overall, imports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 151%. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, metal chain imports contracted significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 127%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal chain supplier to Israel, with a 56% share of total imports. Moreover, metal chain imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and Italy (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel chain to Israel, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.9% per year) and Italy (+0.2% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, rising by 5.6% against the previous year. In general, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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