Israel: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Israel

After three years of growth, the Israeli steering wheels and columns market decreased by -14.5% to $X in 2022. Overall, consumption, however, enjoyed pronounced growth. Steering wheels and columns consumption peaked at $X in 2021, and then reduced in the following year.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Israel

In 2022, shipments abroad of steering wheels, steering columns and steering boxes increased by 260% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 386%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, steering wheels and columns exports soared to $X in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 370% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Hungary (X tons) and Italy (X tons) were the main destinations of steering wheels and columns exports from Israel, with a combined 91% share of total exports. These countries were followed by Brazil, which accounted for a further 8.5%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +84.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steering wheels and columns exported from Israel were the United States ($X), Hungary ($X) and Italy ($X), with a combined 91% share of total exports. Brazil lagged somewhat behind, accounting for a further 8.5%.

In terms of the main countries of destination, Brazil, with a CAGR of +84.5%, 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 steering wheels and columns export price amounted to $X per ton, falling by -11.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the average price for exports to Hungary ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Israel

In 2022, supplies from abroad of steering wheels, steering columns and steering boxes increased by 26% to X tons, rising for the seventh year in a row after three years of decline. In general, imports showed strong growth. The growth pace was the most rapid in 2016 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, steering wheels and columns imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of steering wheels and columns imports to Israel, with a combined 54% share of total imports. The United States, Turkey, South Korea, Taiwan (Chinese), France, Spain, Romania, Mexico, Hungary and the UK lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +106.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Japan ($X) were the largest steering wheels and columns suppliers to Israel, with a combined 54% share of total imports. The United States, Turkey, South Korea, Taiwan (Chinese), France, Spain, Romania, Mexico, Hungary and the UK lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Romania, with a CAGR of +104.7%, saw the highest rates of growth with regard to 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 steering wheels and columns import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 8.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Romania ($X per ton), while the price for France ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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