Israel: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Israel

In 2020, the Israeli iron and steel wire market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% y-o-y. Iron and steel wire consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Israel

In 2020, shipments abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports declined markedly to $X in 2020. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Jordan (X tons), Denmark (X tons) and Romania (X tons) were the main destinations of iron and steel wire exports from Israel, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Israel were Jordan ($X), Denmark ($X) and Romania ($X), together comprising X% of total exports. Slovenia, Croatia, Brazil and Nigeria lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, among 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

The average iron and steel wire export price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, iron and steel wire export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to Croatia ($X per ton) and Romania ($X per ton), while the average price for exports to Nigeria ($X per ton) and Jordan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brazil, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Israel

In 2020, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports declined to $X in 2020. Overall, total imports indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of iron and steel wire imports to Israel, with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), South Korea, Spain, India, Germany, Italy, Poland and Slovakia, which together accounted for a further X 2007 to 2020, the biggest increases were in Slovakia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel wire suppliers to Israel were Turkey ($X), China ($X) and India ($X), with a combined X% share of total imports. The Czech Republic, Taiwan (Chinese), South Korea, Spain, Germany, Italy, Poland and Slovakia lagged somewhat behind, together accounting for a further X terms of the main suppliers, Slovakia saw the highest growth rate of 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

In 2020, the average iron and steel wire import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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