Israel: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Israel

The Israeli market for plastic fittings for tubes, pipes and hoses dropped to $X in 2021, waning by -10.4% against the previous year. In general, consumption continues to indicate a pronounced shrinkage. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Israel

In value terms, production of plastic fittings for tubes, pipes and hoses dropped modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Israel

For the third year in a row, Israel recorded decline in shipments abroad of plastic fittings for tubes, pipes and hoses, which decreased by -1.3% to X tons in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of plastic fittings for tubes, pipes and hoses expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons), Australia (X tons) and France (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Israel, with a combined 44% share of total exports. The UK, Italy, the Netherlands, Spain, Poland, Brazil, New Zealand, the United States, Mexico and Denmark lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +47.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and France ($X) constituted the largest markets for plastic fittings for tubes, pipes and hoses exported from Israel worldwide, together accounting for 44% of total exports. The UK, Italy, the Netherlands, Spain, Poland, Brazil, New Zealand, the United States, Mexico and Denmark lagged somewhat behind, together accounting for a further 43%.

Mexico, with a CAGR of +53.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average export price for plastic fittings for tubes, pipes and hoses amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic fittings for tubes, pipes and hoses increased by +86.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 29%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Australia ($X per ton), while the average price for exports to the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Israel

In 2021, the amount of plastic fittings for tubes, pipes and hoses imported into Israel reduced notably to X tons, dropping by -36.6% compared with the year before. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses contracted dramatically to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 10% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Israel, together comprising 55% of total imports. These countries were followed by the United States, China, the Netherlands, Turkey, Japan, Austria, Spain, India, Cyprus and the UK, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic fittings for tubes, pipes and hoses suppliers to Israel were Italy ($X), Germany ($X) and Switzerland ($X), with a combined 55% share of total imports. These countries were followed by the United States, China, the Netherlands, Turkey, Japan, Austria, Spain, India, Cyprus and the UK, which together accounted for a further 39%.

In terms of the main suppliers, India, with a CAGR of +16.5%, recorded the highest growth rate of 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

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2015 an increase of 6.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per ton) and Spain ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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