Price for Iron or Steel; Cast Articles in Israel - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Israel (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Israel (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Israel
- Exports of Iron or Steel; Cast Articles in Israel
Price for Iron or Steel; Cast Articles in Israel (CIF) - 2022
The average import price for iron or steel; cast articleses stood at $2,923 per ton in 2022, picking up by 19% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,434 per ton) and Hong Kong SAR ($3,422 per ton), while the price for Turkey ($2,556 per ton) and the Czech Republic ($2,594 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Israel (FOB) - 2022
In 2022, the average export price for iron or steel; cast articleses amounted to $4,057 per ton, flattening at the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iron or steel; cast articles export price increased by +109.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 34%. The export price peaked at $4,641 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($4,555 per ton) and France ($4,555 per ton), while the average price for exports to the United States ($3,404 per ton) and India ($4,537 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 France (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Israel
In 2022, approx. 9.5K tons of iron or steel; cast articleses were imported into Israel; shrinking by -3.3% against the previous year's figure. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.
In value terms, iron or steel; cast articles imports soared to $28M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% 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 +52.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.3 | 11.1 | 15.2 | 18.2 | 6.0% |
| Turkey | 2.5 | 4.1 | 5.2 | 5.7 | 31.6% |
| United States | 0.5 | 0.4 | 0.7 | 0.9 | 21.6% |
| Czech Republic | 0.4 | 0.1 | 0.7 | 0.5 | 7.7% |
| India | 0.3 | 0.2 | 0.5 | 0.5 | 18.6% |
| Hong Kong SAR | 0.2 | 0.7 | 0.4 | 0.5 | 35.7% |
| Others | 2.8 | 1.5 | 1.3 | 1.6 | -17.0% |
| Total | 22.0 | 18.1 | 24.1 | 27.7 | 8.0% |
Top Suppliers of Iron or Steel; Cast Articles to Israel in 2022:
- China (5.9K tons)
- Turkey (2.2K tons)
- United States (0.3K tons)
- Czech Republic (0.2K tons)
- India (0.1K tons)
- Hong Kong SAR (0.1K tons)
Exports of Iron or Steel; Cast Articles in Israel
In 2022, overseas shipments of iron or steel; cast articleses were finally on the rise to reach 411 tons after two years of decline. In general, exports, however, showed a sharp decrease.
In value terms, iron or steel; cast articles exports surged to $1.7M in 2022. Over the period under review, exports, however, showed a abrupt decrease.
| Export of Iron or Steel; Cast Articles in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,400 | 741 | 776 | 592 | -24.9% |
| India | 195 | 116 | N/A | 556 | 41.8% |
| Italy | 235 | 247 | 317 | 295 | 7.9% |
| France | 123 | N/A | N/A | 112 | -3.1% |
| Germany | 143 | 82.0 | 9.0 | 12.0 | -56.2% |
| Others | 250 | 179 | 138 | 99.0 | -26.6% |
| Total | 2,346 | 1,365 | 1,240 | 1,666 | -10.8% |
Top Export Markets for Iron or Steel; Cast Articles from Israel in 2022:
- United States (173.9 tons)
- India (122.5 tons)
- Italy (64.8 tons)
- France (24.6 tons)
- Germany (2.6 tons)
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