Israel: Steel Railway Material Market 2024

Steel Railway Material Market Size in Israel

The Israeli steel railway material market skyrocketed to $X in 2022, growing by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Steel Railway Material Exports

Exports from Israel

In 2022, overseas shipments of railway material of steel decreased by -91.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 246%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports declined rapidly to $X in 2022. In general, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2019 when exports increased by 302%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for steel railway material exports from Israel, accounting for a 95% share of total exports. Moreover, steel railway material exports to France exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for railway material of steel exports from Israel, comprising 89% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, declining by -49.3% against the previous year. Overall, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 an increase of 57%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Israel

In 2022, after two years of decline, there was significant growth in overseas purchases of railway material of steel, when their volume increased by 65% to X tons. Overall, imports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 205%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, steel railway material imports skyrocketed to $X in 2022. In general, total imports indicated measured growth 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. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and France (X tons) were the main suppliers of steel railway material imports to Israel, with a combined 80% share of total imports. Germany, Luxembourg, Belgium and the UK lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +121.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel railway material suppliers to Israel were the Czech Republic ($X), France ($X) and Luxembourg ($X), together accounting for 69% of total imports.

Luxembourg, with a CAGR of +140.9%, saw the highest growth rate of the value of imports, in terms of 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 steel railway material import price stood at $X per ton in 2022, falling by -14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :