Israel: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Israel

In 2020, after three years of growth, there was decline in the Israeli market for iron, steel or aluminium reservoirs, tanks, vats and similar containers, when its value decreased by -X% to $X. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2010 to 2020, the growth of the market failed to regain the momentum.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Israel

In value terms, iron, steel or aluminium reservoir production contracted to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Iron, steel or aluminium reservoir production peaked at $X in 2019, and then contracted in the following year.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Israel

After two years of growth, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Exports peaked at X tons in 2019, and then contracted dramatically in the following year.

In value terms, iron, steel or aluminium reservoir exports dropped rapidly to $X in 2020. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2019, and then shrank notably in the following year.

Exports by Country

Japan (X tons), the Netherlands (X tons) and the U.S. (X tons) were the main destinations of iron, steel or aluminium reservoir exports from Israel, with a combined X% share of total exports. Chile, Germany, Thailand, Slovenia and South Korea lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Japan ($X) and the U.S. ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Israel worldwide, with a combined X% share of total exports. Germany, Thailand, Chile, Slovenia and South Korea lagged somewhat behind, together comprising a further X Korea (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, surging by X% against the previous year. In general, export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron, steel or aluminium reservoir export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Israel

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, total imports indicated a perceptible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports amounted to $X in 2020. Overall, total imports indicated a moderate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2020 and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), the U.S. (X tons) and Thailand (X tons) were the main suppliers of iron, steel or aluminium reservoir imports to Israel, together comprising X% of total imports. These countries were followed by the Czech Republic, Italy, the UK, China, Germany, South Korea, Belgium and the Netherlands, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK, while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the U.S. ($X) and Thailand ($X) appeared to be the largest iron, steel or aluminium reservoir suppliers to Israel, together accounting for X% of total imports. The UK, Italy, the Czech Republic, China, Germany, South Korea, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X UK recorded 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

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The import price peaked in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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