Aluminium Wire Price in Israel - 2023
Contents:
- Aluminium Wire Price in Israel (CIF) - 2022
- Aluminium Wire Price in Israel (FOB) - 2022
- Aluminium Wire Imports in Israel
- Aluminium Wire Exports in Israel
Aluminium Wire Price in Israel (CIF) - 2022
The average aluminium wire import price stood at $2,737 per ton in 2022, dropping by -15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $3,219 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,713 per ton), while the price for India ($1,816 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminium Wire Price in Israel (FOB) - 2022
The average aluminium wire export price stood at $4,873 per ton in 2022, surging by 54% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. Over the period under review, the average export prices hit record highs at $6,952 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,049 per ton), while the average price for exports to Angola ($2,955 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 the United States (-1.7%), while the prices for the other major destinations experienced a decline.
Aluminium Wire Imports in Israel
In 2022, imports of aluminium wires into Israel expanded remarkably to 4.9K tons, picking up by 8.6% against the year before. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 5.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, aluminium wire imports fell to $13M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $14M, and then declined in the following year.
| Import of Aluminium Wire in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.8 | 2.1 | 9.2 | 9.0 | 71.0% |
| Turkey | N/A | 4.0 | 1.8 | 2.1 | -27.5% |
| Germany | 0.3 | 0.2 | 0.8 | 0.8 | 38.7% |
| United States | 0.1 | 0.8 | 0.2 | 0.3 | 44.2% |
| South Korea | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Spain | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| China | 0.8 | 0.2 | 0.1 | 0.1 | -50.0% |
| Switzerland | 7.2 | 4.4 | 0.4 | 0.1 | -76.0% |
| Others | 0.2 | 0.4 | 1.3 | 0.4 | 26.0% |
| Total | 10.9 | 12.2 | 14.5 | 13.4 | 7.1% |
Top Suppliers of Aluminium Wire to Israel in 2022:
- Russia (3284.7 tons)
- Turkey (908.1 tons)
- Germany (160.3 tons)
- South Korea (146.1 tons)
- United States (97.4 tons)
- Spain (79.1 tons)
- Switzerland (48.2 tons)
- China (43.3 tons)
Aluminium Wire Exports in Israel
After two years of decline, overseas shipments of aluminium wires increased by 176% to 1.7 tons in 2022. Over the period under review, exports, however, showed a significant curtailment.
In value terms, aluminium wire exports surged to $8.5K in 2022. In general, exports, however, recorded a precipitous descent.
| Export of Aluminium Wire in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 19.6 | 14.1 | 0.9 | 8.2 | -25.2% |
| India | 0.6 | 0.3 | N/A | 0.1 | -45.0% |
| United Kingdom | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
| Sweden | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.5 | 0.4 | 0.5 | 0.1 | -41.5% |
| Total | 21.0 | 15.0 | 2.0 | 8.5 | -26.0% |
Top Export Markets for Aluminium Wire from Israel in 2022:
- Belgium (1656.0 kg)
- India (30.0 kg)
- United Kingdom (29.0 kg)
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