Price for Wire of Other Alloy Steel in Israel - 2023

Contents:

  1. Price for Wire of Other Alloy Steel in Israel (CIF) - 2022
  2. Price for Wire of Other Alloy Steel in Israel (FOB) - 2022
  3. Imports of Wire of Other Alloy Steel in Israel
  4. Exports of Wire of Other Alloy Steel in Israel

Price for Wire of Other Alloy Steel in Israel (CIF) - 2022

In 2022, the average import price for wire of other alloy steels amounted to $1,902 per ton, with an increase of 25% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wire of other alloy steel import price increased by +53.8% against 2020 indices. As a result, import price reached 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 Germany ($2,153 per ton) and France ($2,153 per ton), while the price for South Korea ($1,812 per ton) and China ($1,822 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wire of Other Alloy Steel in Israel (FOB) - 2022

The average export price for wire of other alloy steels stood at $1,877 per ton in 2022, with an increase of 5.9% against the previous year. In general, the export price saw moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 140%. As a result, the export price attained the peak level of $3,615 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($1,877 per ton) and India ($1,877 per ton), while the average price for exports to Nigeria ($1,876 per ton) and Croatia ($1,877 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire of Other Alloy Steel in Israel

In 2022, wire of other alloy steel imports into Israel fell slightly to 4.1K tons, reducing by -2.2% on the previous year. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year.

In value terms, wire of other alloy steel imports soared to $7.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Wire of Other Alloy Steel in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,0712,4583,7084,95217.3%
France8092262598361.1%
Turkey13414137883584.0%
India4.035.0281418371.0%
Germany78.032.017122241.7%
Italy1811021362054.2%
South Korea1,177725332153-49.3%
RussiaN/AN/A999N/A0%
Others13341413021116.6%
Total5,5874,1336,3947,83211.9%

Top Suppliers of Wire of Other Alloy Steel to Israel in 2022:

  1. China (2717.8 tons)
  2. Turkey (391.3 tons)
  3. France (388.3 tons)
  4. India (226.0 tons)
  5. Italy (105.1 tons)
  6. Germany (103.1 tons)
  7. South Korea (84.4 tons)

Exports of Wire of Other Alloy Steel in Israel

In 2022, the amount of wire of other alloy steels exported from Israel soared to 154 tons, growing by 1,141% compared with 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wire of other alloy steel exports surged to $289K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Wire of Other Alloy Steel in Israel (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A1800%
Croatia6.020.09.049.0101.4%
Slovenia10.027.010.040.058.7%
United StatesN/AN/AN/A13.00%
JordanN/AN/AN/A6.00%
Ireland28.0N/AN/AN/A0%
Romania17.011.0N/AN/A-35.3%
Others3.010.03.01.0-30.7%
Total64.068.022.028965.3%

Top Export Markets for Wire of Other Alloy Steel from Israel in 2022:

  1. India (95.9 tons)
  2. Croatia (26.1 tons)
  3. Slovenia (21.3 tons)
  4. United States (6.9 tons)
  5. Jordan (3.2 tons)

Source: IndexBox Market Intelligence Platform

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