Israel: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Israel

The Israeli market for raw steel and steel semi-finished products expanded remarkably to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Israel

In value terms, production of raw steel and steel semi-finished products skyrocketed to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Israel

Exports of raw steel and steel semi-finished products from Israel contracted notably to X tons in 2022, with a decrease of X% against 2021 figures. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of raw steel and steel semi-finished products contracted markedly to $X in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of raw steel and steel semi-finished products from Israel, with a X% share of total exports. Moreover, exports of raw steel and steel semi-finished products to the United States exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Palestine (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Palestine (X% per year).

In value terms, the United States ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the average export price for raw steel and steel semi-finished products amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Palestine ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Israel

In 2022, the amount of raw steel and steel semi-finished products imported into Israel skyrocketed to X tons, with an increase of X% compared with the year before. Overall, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of raw steel and steel semi-finished products soared to $X in 2022. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), China (X tons) and Italy (X tons) were the main suppliers of imports of raw steel and steel semi-finished products to Israel, together accounting for X% of total imports. The United States, India, Spain, Turkey, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest raw steel and steel semi-finished products suppliers to Israel were China ($X), the UK ($X) and Italy ($X), together comprising X% of total imports. The United States, India, Spain, Turkey, Germany and Switzerland lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for raw steel and steel semi-finished products amounted to $X per ton, increasing by X% against the previous year. Overall, the import price saw a strong increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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