Israel: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Israel

The Israeli steel plaited band market soared to $X in 2022, surging by 36% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.2% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Steel Plaited Band Production in Israel

In value terms, steel plaited band production surged to $X in 2022 estimated in export price. Overall, production enjoyed mild growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 263% against the previous year. Steel plaited band production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports from Israel

For the third consecutive year, Israel recorded growth in shipments abroad of iron or steel plaited bands and slings, which increased by 117% to X tons in 2022. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 600%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports skyrocketed to $X in 2022. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 697%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for steel plaited band exports from Israel, accounting for a 71% share of total exports. Moreover, steel plaited band exports to the Czech Republic exceeded the volume sent to the second major destination, the United States (X tons), eightfold. The third position in this ranking was taken by Canada (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +12,010.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.9% per year) and Canada (-34.3% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for iron or steel plaited bands and slings exports from Israel, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total exports. It was followed by Canada, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +10,300.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-24.0% per year) and Canada (-33.6% per year).

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2022, reducing by -13.6% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ghana ($X per ton) and Canada ($X per ton), while the average price for exports to the United States ($X per ton) and the Czech Republic ($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 Greece (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into Israel

In 2022, approx. X tons of iron or steel plaited bands and slings were imported into Israel; growing by 61% compared with the previous year. Over the period under review, imports, however, saw a slight downturn. The growth pace was the most rapid in 2019 when imports increased by 191%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, steel plaited band imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 186%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest steel plaited band supplier to Israel, with a 54% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.2% per year) and Turkey (-7.5% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel plaited bands and slings to Israel, comprising 54% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Turkey, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and Turkey (-6.4% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2022, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :