Israel: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Israel

The Israeli iron or steel leaf-spring market fell dramatically to $X in 2023, waning by 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). Over the period under review, consumption, however, continues to indicate mild growth. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Israel

In 2023, after two years of growth, there was significant decline in overseas shipments of iron or steel leaf-springs and leaves, when their volume decreased by X% to X tons. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports reduced notably to $X in 2023. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg), China (X kg) and Italy (X kg) were the main destinations of iron or steel leaf-spring exports from Israel, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the Czech Republic ($X), China ($X) and Italy ($X) appeared to be the largest markets for iron or steel leaf-spring exported from Israel worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average iron or steel leaf-spring export price amounted to $X per ton, increasing by X% against 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 2017 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were China ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Israel

In 2023, the amount of iron or steel leaf-springs and leaves imported into Israel reduced dramatically to X tons, shrinking by X% against 2022 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel leaf-spring imports fell markedly to $X in 2023. Overall, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and the UK (X tons) were the main suppliers of iron or steel leaf-spring imports to Israel, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and the UK ($X) appeared to be the largest iron or steel leaf-spring suppliers to Israel, with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded 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

The average iron or steel leaf-spring import price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Slovenia ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform