Israel: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Israel

In 2021, the Israeli market for plastic hoses and hose fittings decreased by -5.8% to $X for the first time since 2014, thus ending a six-year rising trend. Over the period under review, consumption, however, showed strong growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Production of Plastic Hoses and Hose Fittings in Israel

In value terms, plastic hose and hose fitting production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Exports of Plastic Hoses and Hose Fittings

Exports from Israel

In 2021, overseas shipments of plastic hoses and hose fittings increased by 28% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 81%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Peru (X tons) and the Netherlands (X tons) were the main destinations of plastic hose and hose fitting exports from Israel, with a combined 43% share of total exports. Chile, Germany, Ukraine, Russia, Colombia, Italy, Greece, Mexico, Ecuador and Spain lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +18.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Peru ($X) and the Netherlands ($X) appeared to be the largest markets for plastic hose and hose fitting exported from Israel worldwide, together accounting for 45% of total exports. Chile, Germany, Ukraine, Russia, Italy, Colombia, Greece, Ecuador, Mexico and Spain lagged somewhat behind, together comprising a further 35%.

Mexico, with a CAGR of +29.3%, recorded the highest growth rate of 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 hoses and hose fittings amounted to $X per ton, rising by 11% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 70% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Israel

For the eighth consecutive year, Israel recorded growth in supplies from abroad of plastic hoses and hose fittings, which increased by 28% to X tons in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.2% against 2013 indices. The growth pace was the most rapid in 2016 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of plastic hose and hose fitting imports to Israel, with a combined 65% share of total imports. Italy, Japan, Turkey, Hong Kong SAR, the Netherlands, the UK, the Czech Republic and Spain lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting suppliers to Israel were the United States ($X), China ($X) and Germany ($X), together comprising 62% of total imports. These countries were followed by Italy, Japan, Turkey, the UK, the Czech Republic, the Netherlands, Hong Kong SAR and Spain, which together accounted for a further 25%.

The Czech Republic, with a CAGR of +20.2%, 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 plastic hoses and hose fittings stood at $X per ton in 2021, surging by 3.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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