Israel: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Israel

The Israeli metal spring washer market rose slightly to $X in 2022, growing by 4.8% 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). Over the period under review, consumption, however, continues to indicate a mild slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Spring Washer Exports

Exports from Israel

In 2022, metal spring washer exports from Israel soared to X tons, with an increase of 391% on 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 5,322% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal spring washer exports surged to $X in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2019 with an increase of 5,400% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal spring washer exports from Israel, with a 46% share of total exports. Moreover, metal spring washer exports to Germany exceeded the volume sent to the second major destination, Romania (X kg), threefold. The United States (X kg) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +345.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (0.0% per year) and the United States (-14.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for iron or steel spring washers exports from Israel, comprising 46% of total exports. The second position in the ranking was held by Romania ($X), with a 16% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +335.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (0.0% per year) and the United States (-12.5% per year).

Export Prices by Country

The average metal spring washer export price stood at $X per ton in 2022, falling by -7.2% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($X per ton) and Jordan ($X per ton), while the average price for exports to Turkey ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Israel

In 2022, approx. X tons of iron or steel spring washers were imported into Israel; rising by 20% compared with the previous year. Over the period under review, imports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal spring washer imports amounted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of metal spring washer imports to Israel, with a combined 64% share of total imports. Sweden, Taiwan (Chinese), Switzerland, Italy, France, the UK and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest metal spring washer suppliers to Israel, with a combined 64% share of total imports. Sweden, Taiwan (Chinese), Switzerland, Italy, France, the UK and the Netherlands lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Sweden, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal spring washer import price amounted to $X per ton, shrinking by -15.2% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 2014 an increase of 54% against the previous year. The import price peaked at $X per ton in 2021, and then dropped remarkably 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 the UK ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Switzerland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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