Israel: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Israel

The Israeli agricultural forestry machinery market declined to $X in 2022, almost unchanged from the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in Israel

In value terms, agricultural forestry machinery production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from Israel

In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) exported from Israel contracted to X units, reducing by -8.9% on the year before. Over the period under review, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 237% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports fell to $X in 2022. In general, exports showed a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 253% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for agricultural forestry machinery exports from Israel, with a 69% share of total exports. Moreover, agricultural forestry machinery exports to Australia exceeded the volume sent to the second major destination, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.5% per year) and Morocco (0.0% per year).

In value terms, Australia ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Israel, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.5% per year) and Morocco (0.0% per year).

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, increasing by 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Israel

In 2022, overseas purchases of agricultural forestry machinery (lawn or sportsground rollers) were finally on the rise to reach X units after three years of decline. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 68%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, agricultural forestry machinery imports soared to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 70%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of agricultural forestry machinery to Israel, with a 33% share of total imports. Moreover, agricultural forestry machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+38.0% per year) and Japan (-5.2% per year).

In value terms, Italy ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Israel, comprising 33% of total imports. The second position in the ranking was held by Spain ($X), with a 9.1% share of total imports. It was followed by Japan, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+39.4% per year) and Japan (-5.0% per year).

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, surging by 1.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 8.1% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and China ($X per unit), while the price for Austria ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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