Report Update: May 1, 2024

Israel - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Wire Product in Israel - 2023

Price for Iron or Steel Wire Product in Israel (FOB) - 2022

The average export price for iron or steel wire products stood at $3,383 per ton in 2021, growing by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the UK ($3,384 per ton) and the United States ($3,383 per ton), while the average price for exports to Italy ($3,383 per ton) and South Korea ($3,383 per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Steel Wire Product in Israel (CIF) - 2022

The average import price for iron or steel wire products stood at $3,443 per ton in 2021, surging by 2.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 7.9% against the previous year. The import price peaked at $3,652 per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Romania ($3,443 per ton) and the United States ($3,443 per ton), while the price for Italy ($3,443 per ton) and the UK ($3,443 per ton) were amongst the lowest.

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

Exports of Iron or Steel Wire Product in Israel

In 2022, shipments abroad of iron or steel wire products decreased by -52.6% to 1.3K tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 58% against the previous year. As a result, the exports reached the peak of 3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel wire product exports dropped significantly to $5.1M in 2022. In general, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 71%. As a result, the exports reached the peak of $9.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Iron or Steel Wire Product in Israel (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
South Korea	126	151	3,214	405.1%
United States	890	4,579	2,386	63.7%
Czech Republic	1,056	1,269	1,731	28.0%
Germany	1,098	997	1,216	5.2%
Italy	369	369	254	-17.0%
Switzerland	761	339	225	-45.6%
Russia	251	180	26.0	-67.8%
Kazakhstan	173	705	N/A	307.5%
Others	914	1,060	495	-26.4%
Total	5,638	9,649	9,547	30.1%

Top Export Markets for Iron or Steel Wire Product from Israel in 2022:

South Korea (949.9 tons)
United States (705.2 tons)
Czech Republic (511.6 tons)
Germany (359.4 tons)
Italy (75.1 tons)
Switzerland (66.5 tons)
Russia (7.7 tons)

Imports of Iron or Steel Wire Product in Israel

Iron or steel wire product imports into Israel surged to 3.3K tons in 2022, rising by 29% on the previous year. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel wire product imports surged to $12M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron or Steel Wire Product in Israel (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	2,110	1,336	2,624	11.5%
Germany	1,270	1,913	1,750	17.4%
Italy	922	1,009	1,210	14.6%
Turkey	129	581	1,192	204.0%
Romania	361	439	871	55.3%
United Kingdom	97.0	129	255	62.1%
Latvia	109	272	252	52.1%
Czech Republic	667	261	27.0	-79.9%
France	230	90.0	22.0	-69.1%
Others	966	1,136	693	-15.3%
Total	6,861	7,166	8,896	13.9%

Top Suppliers of Iron or Steel Wire Product to Israel in 2022:

China (762.2 tons)
Germany (508.3 tons)
Italy (351.5 tons)
Turkey (346.2 tons)
Romania (253.0 tons)
United Kingdom (74.1 tons)
Latvia (73.2 tons)
Czech Republic (7.8 tons)
France (6.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel wire product in Israel. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers

Country coverage:

Israel

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Israel
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023