Israel: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Israel

In 2022, the Israeli pressure-reducing iron valve market decreased by -0.1% to $X, falling for the second year in a row after six years of growth. In general, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pressure-Reducing Iron Valve Production in Israel

In value terms, pressure-reducing iron valve production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Pressure-reducing iron valve production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Israel

In 2022, overseas shipments of pressure-reducing, control, check and safety valves increased by 9.8% to X units, rising for the second year in a row after three years of decline. In general, exports saw slight growth. The most prominent rate of growth was recorded in 2014 when exports increased by 67%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports rose to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 68%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X units), the United States (X units) and Argentina (X units) were the main destinations of pressure-reducing iron valve exports from Israel, with a combined 44% share of total exports. China, Taiwan (Chinese), India, Denmark, Australia, Germany, France, Chile, South Korea and Norway lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +86.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pressure-reducing iron valve exported from Israel were Brazil ($X), the United States ($X) and Argentina ($X), together comprising 44% of total exports. China, Taiwan (Chinese), India, Denmark, Australia, Germany, France, Chile, South Korea and Norway lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +86.1%, 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

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, which is down by -4.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per unit) and Norway ($X per unit), while the average price for exports to South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.3%), while the prices for the other major destinations experienced a decline.

Pressure-Reducing Iron Valve Imports

Imports into Israel

In 2022, approx. X units of pressure-reducing, control, check and safety valves were imported into Israel; falling by -21.4% compared with 2021. In general, imports, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 when imports increased by 173% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, pressure-reducing iron valve imports contracted remarkably to $X in 2022. Overall, imports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 203%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), the United States (X units) and Germany (X units) were the main suppliers of pressure-reducing iron valve imports to Israel, with a combined 55% share of total imports. Taiwan (Chinese), China, Hungary, Japan, France and Denmark lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +234.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Germany ($X) appeared to be the largest pressure-reducing iron valve suppliers to Israel, with a combined 55% share of total imports. Taiwan (Chinese), China, Hungary, Japan, France and Denmark lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Hungary, with a CAGR of +245.3%, saw 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 pressure-reducing iron valve import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Hungary ($X per unit), while the price for Denmark ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform