Israel: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Israel

The Israeli gravimetric filling machine market surged to $X in 2022, growing by 37% against the previous year. Overall, consumption recorded a significant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Israel

In value terms, gravimetric filling machine production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 657%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from Israel

In 2022, shipments abroad of automatic gravimetric filling machines decreased by -87.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 21%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravimetric filling machine exports contracted rapidly to $X in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 355% against the previous year. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Guatemala (X units), the United States (X units) and Brazil (X units) were the main destinations of gravimetric filling machine exports from Israel, together accounting for 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for automatic gravimetric filling machines exports from Israel, comprising 63% of total exports. The second position in the ranking was held by Brazil ($X), with a 26% share of total exports. It was followed by the United States, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at +104.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+73.4% per year) and the United States (+38.6% per year).

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, surging by 88% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2020 an increase of 277% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Guatemala ($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 Switzerland (+104.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Israel

Gravimetric filling machine imports into Israel contracted notably to X units in 2022, dropping by -39.7% compared with the year before. Overall, imports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2018 with an increase of 84%. Over the period under review, imports hit record highs at X units in 2021, and then fell sharply in the following year.

In value terms, gravimetric filling machine imports declined to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value 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. Based on 2022 figures, imports decreased by -21.9% against 2016 indices. The growth pace was the most rapid in 2016 when imports increased by 114% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X units) constituted the largest gravimetric filling machine supplier to Israel, with a 37% share of total imports. Moreover, gravimetric filling machine imports from Denmark exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by the UK (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.0% per year) and the UK (+1.7% per year).

In value terms, Denmark ($X) constituted the largest supplier of automatic gravimetric filling machines to Israel, comprising 38% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by the UK, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark stood at +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.5% per year) and the UK (-4.4% per year).

Import Prices by Country

The average gravimetric filling machine import price stood at $X per unit in 2022, picking up by 44% against the previous year. Overall, the import price, however, recorded a mild contraction. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+30.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :