Israel: Iron Household Articles Market 2024

Iron Household Articles Market Size in Israel

The Israeli iron household articles market skyrocketed to $X in 2021, picking up by 57% 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, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Iron Household Articles Exports

Exports from Israel

In 2021, overseas shipments of table, kitchen or household articles and parts of iron were finally on the rise to reach X tons after three years of decline. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles exports soared to $X in 2021. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for iron household articles exports from Israel, with a 92% share of total exports. It was followed by the UK (X tons), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +26.3%.

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from Israel, comprising 92% of total exports. The second position in the ranking was taken by the UK ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +31.4%.

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, increasing by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2020 when the average export price increased by 37%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Israel

In 2021, approx. X tons of table, kitchen or household articles and parts of iron were imported into Israel; increasing by 47% against 2020. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest iron household articles supplier to Israel, with a 68% share of total imports. Moreover, iron household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.6% per year) and Italy (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Israel, comprising 68% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.8% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.1% per year) and Italy (+3.6% per year).

Import Prices by Country

In 2021, the average iron household articles import price amounted to $X per ton, increasing by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were India ($X per ton) and Turkey ($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 India (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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