Israel: Winding Wire Market 2024

Winding Wire Market Size in Israel

The Israeli winding wire market rose markedly to $X in 2022, growing by 12% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Winding Wire Production in Israel

In value terms, winding wire production rose rapidly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 50%. Winding wire production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports from Israel

In 2022, the amount of winding wire for electrical purposes exported from Israel soared to X tons, picking up by 88% compared with the year before. In general, exports enjoyed notable growth. The most prominent rate of growth was recorded in 2020 with an increase of 134%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 162%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for winding wire exports from Israel, accounting for a 28% share of total exports. Moreover, winding wire exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.9% per year) and France (+10.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for winding wire for electrical purposes exports from Israel, comprising 43% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Germany, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.2% per year) and Germany (+24.2% per year).

Export Prices by Country

In 2022, the average winding wire export price amounted to $X per ton, growing by 9.8% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 184%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 China ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.0%), while the prices for the other major destinations experienced a decline.

Winding Wire Imports

Imports into Israel

In 2022, purchases abroad of winding wire for electrical purposes increased by 28% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, winding wire imports soared to $X in 2022. In general, imports, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of winding wire imports to Israel, with a combined 88% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Turkey ($X) and the United States ($X) were the largest winding wire suppliers to Israel, with a combined 83% share of total imports.

Spain, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, increasing by 9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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