Israel: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Israel

The Israeli tow-behind air compressor market fell markedly to $X in 2022, dropping by -28.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate tangible growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports from Israel

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from Israel; with a decrease of -21.6% compared with 2021. Overall, exports showed a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 65%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) was the main destination for tow-behind air compressor exports from Israel, accounting for a 72% share of total exports. Moreover, tow-behind air compressor exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X units), more than tenfold. Ghana (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+7.2% per year) and Ghana (0.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Israel, comprising 72% of total exports. The second position in the ranking was held by India ($X), with a 16% share of total exports. It was followed by Italy, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.2% per year) and Italy (+30.6% per year).

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, with an increase of 618% against the previous year. Over the period under review, the export price saw a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to France ($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 Italy (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Israel

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported into Israel shrank dramatically to X units, which is down by -45.5% on 2021. Over the period under review, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 181%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, tow-behind air compressor imports declined to $X in 2022. In general, imports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2013 when imports increased by 95% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of tow-behind air compressor to Israel, with a 70% share of total imports. Moreover, tow-behind air compressor imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Belgium (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.5% per year) and Belgium (+12.8% per year).

In value terms, Belgium ($X), China ($X) and Germany ($X) appeared to be the largest tow-behind air compressor suppliers to Israel, together accounting for 72% of total imports. The UK and Italy lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, the UK, with a CAGR of +32.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tow-behind air compressor import price stood at $X per unit in 2022, with an increase of 80% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The pace of growth appeared the most rapid in 2017 an increase of 87%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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