Israel: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Israel

The Israeli safes and strongboxes market rose to $X in 2021, picking up by 1.7% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Safes And Strongboxes Production in Israel

In value terms, safes and strongboxes production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell slightly in the following year.

Safes And Strongboxes Exports

Exports from Israel

In 2021, the amount of safes, strongboxes and doors of base metal exported from Israel contracted significantly to X tons, dropping by -22.7% on the previous year's figure. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, safes and strongboxes exports declined rapidly to $X in 2021. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 46% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for safes and strongboxes exports from Israel, accounting for a 75% share of total exports. Moreover, safes and strongboxes exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), sevenfold. Switzerland (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-19.4% per year) and Switzerland (+45.4% per year).

In value terms, the United States ($X) remains the key foreign market for safes, strongboxes and doors of base metal exports from Israel, comprising 75% of total exports. The second position in the ranking was held by Canada ($X), with an 11% share of total exports. It was followed by Switzerland, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-17.1% per year) and Switzerland (+52.3% per year).

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, surging by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 38%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Canada ($X per ton) and Switzerland ($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 Switzerland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into Israel

After three years of decline, supplies from abroad of safes, strongboxes and doors of base metal increased by 23% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest safes and strongboxes supplier to Israel, with a 84% share of total imports. Moreover, safes and strongboxes imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.3% per year) and Germany (-3.4% per year).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to Israel, comprising 84% of total imports. The second position in the ranking was taken by Italy ($X), with a 7% share of total imports. It was followed by Germany, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and Germany (-3.1% per year).

Import Prices by Country

The average safes and strongboxes import price stood at $X per ton in 2021, with an increase of 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Poland ($X per ton) and North Macedonia ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :