Israel: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Israel

The Israeli ferro-alloys market shrank rapidly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw slight growth. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Ferro-Alloys Production in Israel

In value terms, ferro-alloys production stood at $X in 2023 estimated in export price. In general, production recorded a strong increase. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Ferro-Alloys Exports

Exports from Israel

In 2023, the amount of ferro-alloys exported from Israel soared to X tons, with an increase of X% compared with 2022 figures. In general, exports posted a prominent expansion. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports soared to $X in 2023. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), the United States (X tons) and Russia (X tons) were the main destinations of ferro-alloys exports from Israel, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the United States ($X) and Russia ($X) constituted the largest markets for ferro-alloys exported from Israel worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average ferro-alloys export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Alloys Imports

Imports into Israel

In 2023, approx. X tons of ferro-alloys were imported into Israel; increasing by X% on the previous year's figure. Overall, imports enjoyed moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-alloys imports reduced dramatically to $X in 2023. In general, imports enjoyed perceptible growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, India (X tons) constituted the largest supplier of ferro-alloys to Israel, accounting for a X% share of total imports. Moreover, ferro-alloys imports from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of ferro-alloys to Israel, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform