Stainless Steel Wire Price in Israel - 2023
Contents:
- Stainless Steel Wire Price in Israel (CIF) - 2022
- Stainless Steel Wire Price in Israel (FOB) - 2022
- Stainless Steel Wire Imports in Israel
- Stainless Steel Wire Exports in Israel
Stainless Steel Wire Price in Israel (CIF) - 2022
The average stainless steel wire import price stood at $6,863 per ton in 2022, increasing by 36% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($6,863 per ton) and the United States ($6,863 per ton), while the price for France ($6,863 per ton) and Italy ($6,863 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Israel (FOB) - 2022
The average stainless steel wire export price stood at $34,277 per ton in 2022, approximately equating the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +20.4% per year.
Stainless Steel Wire Imports in Israel
In 2022, approx. 2.5K tons of stainless steel wire were imported into Israel; approximately reflecting the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of 2.5K tons, and then declined in the following year.
In value terms, stainless steel wire imports skyrocketed to $17M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Stainless Steel Wire in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.2 | 5.8 | 8.5 | 12.1 | 25.0% |
| South Korea | 1.8 | 1.6 | 1.8 | 1.9 | 1.8% |
| China | 0.2 | 0.1 | 0.6 | 0.7 | 51.8% |
| France | 0.2 | 0.1 | 0.1 | 0.6 | 44.2% |
| Ireland | 0.6 | 0.3 | 0.5 | 0.4 | -12.6% |
| United States | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Germany | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 0.4 | 0.6 | 0.7 | 0.9 | 31.0% |
| Total | 10.5 | 9.2 | 12.8 | 17.2 | 17.9% |
Top Suppliers of Stainless Steel Wire to Israel in 2022:
- India (1758.3 tons)
- South Korea (279.3 tons)
- China (103.9 tons)
- France (85.2 tons)
- Ireland (52.0 tons)
- United States (39.5 tons)
- Germany (36.3 tons)
- Taiwan (Chinese) (25.5 tons)
Stainless Steel Wire Exports in Israel
For the third year in a row, Israel recorded decline in overseas shipments of stainless steel wire, which decreased by 0% to 13 tons in 2022. Over the period under review, exports saw a deep downturn. The smallest decline of -74.4% was in 2020.
In value terms, stainless steel wire exports amounted to $460K in 2022. In general, exports posted significant growth. The smallest decline of -76.3% was in 2020. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Stainless Steel Wire in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 1.0 | N/A | 456 | 2035.4% |
| Germany | N/A | 19.0 | N/A | N/A | 0% |
| China | 104 | N/A | N/A | N/A | 0% |
| Sweden | 5.0 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 7.0 | N/A | N/A | 0% |
| Canada | 4.0 | N/A | N/A | N/A | 0% |
| Others | 1.0 | N/A | N/A | 4.0 | 58.7% |
| Total | 114 | 27.0 | N/A | 460 | 59.2% |
Top Export Markets for Stainless Steel Wire from Israel in 2022:
- United States (13.2 tons)
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