Israel: Straight Saw Blade Market 2024

Straight Saw Blade Market Size in Israel

In 2021, the Israeli straight saw blade market increased by 82% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Straight Saw Blade Production in Israel

In value terms, straight saw blade production soared to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 362% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Straight Saw Blade Exports

Exports from Israel

For the third consecutive year, Israel recorded decline in shipments abroad of straight saw blades for working metal, which decreased by -69.4% to X tons in 2021. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 98,668%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, straight saw blade exports shrank sharply to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 128,114% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and Serbia (X tons) were the main destinations of straight saw blade exports from Israel, together comprising 83% of total exports.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +177.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for straight saw blade exported from Israel were the United States ($X), Germany ($X) and Serbia ($X), with a combined 83% share of total exports.

Serbia, with a CAGR of +197.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average straight saw blade export price amounted to $X per ton, growing by 7.2% against the previous year. Over the period under review, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Romania ($X per ton) and China ($X per ton), while the average price for exports to Germany ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Straight Saw Blade Imports

Imports into Israel

In 2021, purchases abroad of straight saw blades for working metal increased by 96% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, straight saw blade imports skyrocketed to $X in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of straight saw blade imports to Israel, together accounting for 71% of total imports. Belgium, the Czech Republic, Switzerland, Italy, Japan, France and the UK lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +48.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest straight saw blade suppliers to Israel were the United States ($X), China ($X) and Germany ($X), together accounting for 71% of total imports. These countries were followed by Belgium, the Czech Republic, Switzerland, Italy, Japan, France and the UK, which together accounted for a further 24%.

The Czech Republic, with a CAGR of +50.7%, recorded 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

In 2021, the average straight saw blade import price amounted to $X per ton, rising by 6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2020 an increase of 30%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and the Czech Republic ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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