Israel: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Israel

The Israeli metal hot-worked helical spring market surged to $X in 2023, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Israel

In 2023, overseas shipments of iron or steel hot-worked helical springs decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then reduced notably in the following year.

In value terms, metal hot-worked helical spring exports declined rapidly to $X in 2023. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Romania (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of metal hot-worked helical spring exports from Israel, together accounting for X% of total exports.

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

In value terms, the largest markets for metal hot-worked helical spring exported from Israel were Romania ($X), the United States ($X) and the Netherlands ($X), together accounting for X% of total exports.

Among the main countries of destination, Romania, with a CAGR of X%, recorded 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 metal hot-worked helical spring export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal hot-worked helical spring export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Germany ($X per ton), while the average price for exports to Brazil ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Israel

In 2023, the amount of iron or steel hot-worked helical springs imported into Israel totaled X tons, surging by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports stood at $X in 2023. In general, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of metal hot-worked helical spring imports to Israel, with a combined X% share of total imports. Italy, Turkey, the UK, Japan, India, Australia, the Netherlands, Singapore, France and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest metal hot-worked helical spring suppliers to Israel were China ($X), the United States ($X) and Germany ($X), with a combined X% share of total imports. Italy, Turkey, the UK, Japan, India, Australia, the Netherlands, Singapore, France and Hong Kong SAR 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 2023, the average metal hot-worked helical spring import price amounted to $X per ton, approximately mirroring the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per ton) and India ($X per ton), while the price for Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform