Israel: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Israel

For the fourth consecutive year, the Israeli market for plastics pipes and pipe fittings recorded growth in sales value, which increased by 4.6% to $X in 2022. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +9.0% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Plastics Pipes And Pipe Fittings in Israel

In value terms, plastics pipe and pipe fitting production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Israel

In 2022, overseas shipments of plastics pipes and pipe fittings increased by 7.6% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 12%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and Australia (X tons) were the main destinations of plastics pipe and pipe fitting exports from Israel, together accounting for 28% of total exports. Italy, the UK, Thailand, the Netherlands, Slovenia, the United States, India, Turkey, Chile and Brazil lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +78.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and Italy ($X) constituted the largest markets for plastics pipe and pipe fitting exported from Israel worldwide, together comprising 31% of total exports. France, the UK, the Netherlands, Chile, the United States, Brazil, Thailand, Slovenia, Turkey and India lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Thailand, with a CAGR of +61.4%, saw the highest rates of growth with regard to the value of exports, 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 plastics pipes and pipe fittings stood at $X per ton in 2022, dropping by -2% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +78.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Israel

Plastics pipe and pipe fitting imports into Israel surged to X tons in 2022, rising by 48% compared with the previous year's figure. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastics pipe and pipe fitting imports skyrocketed to $X in 2022. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of plastics pipe and pipe fitting to Israel, accounting for a 41% share of total imports. Moreover, plastics pipe and pipe fitting imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.2% per year) and the United States (+17.4% per year).

In value terms, the largest plastics pipe and pipe fitting suppliers to Israel were Germany ($X), the United States ($X) and Italy ($X), with a combined 67% share of total imports. Turkey, China, Switzerland and Spain lagged somewhat behind, together comprising a further 20%.

Turkey, with a CAGR of +24.9%, saw the highest growth rate of 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 plastics pipes and pipe fittings stood at $X per ton in 2022, falling by -10.9% against the previous year. In general, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 4.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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