Israel: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2023

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Israel

After three years of growth, the Israeli market for building blocks and bricks of cement, concrete or artificial stone decreased by -6.2% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Israel

In value terms, production of building blocks and bricks of cement, concrete or artificial stone contracted to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Israel

In 2021, shipments abroad of building blocks and bricks of cement, concrete or artificial stone increased by 651% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a tangible increase. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2021. Over the period under review, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons), Cyprus (X tons) and Palestine (X tons) were the main destinations of exports of building blocks and bricks of cement, concrete or artificial stone from Israel, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +103.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Israel, comprising 60% of total exports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total exports. It was followed by Cyprus, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +84.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+44.6% per year) and Cyprus (+3.9% per year).

Export Prices by Country

In 2021, the average export price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, growing by 55% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of 87% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Israel

For the sixth year in a row, Israel recorded growth in supplies from abroad of building blocks and bricks of cement, concrete or artificial stone, which increased by 2.6% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 405% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 371% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of building blocks and bricks of cement, concrete or artificial stone to Israel, accounting for a 91% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from Turkey exceeded the figures recorded by the second-largest supplier, Palestine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +93.7%.

In value terms, Turkey ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Israel, comprising 90% of total imports. The second position in the ranking was held by Palestine ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +59.3%.

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, rising by 18% against the previous year. In general, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices attained the peak figure at $X 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, the country with the highest price was Turkey ($X per ton), while the price for Palestine totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (-6.4%).

Source: IndexBox Market Intelligence Platform

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