Israel: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Israel

In 2022, the Israeli market for bearing housings incorporating ball or roller bearings increased by 7.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a mild curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Israel

In value terms, bearing housing with ball bearing production reached $X in 2022 estimated in export price. In general, production showed a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Israel

In 2022, the amount of bearing housings incorporating ball or roller bearings exported from Israel surged to X tons, jumping by 151% on the previous year's figure. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 1,101%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, bearing housing with ball bearing exports surged to $X in 2022. Over the period under review, exports, however, saw a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 1,359% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for bearing housing with ball bearing exports from Israel, with a 49% share of total exports. Moreover, bearing housing with ball bearing exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +115.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.2% per year) and the Netherlands (+16.5% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for bearing housings incorporating ball or roller bearings exports from Israel, comprising 49% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled +111.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-32.0% per year) and the Netherlands (+15.2% per year).

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, with a decrease of -13.8% against the previous year. Over the period under review, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and the UK ($X per ton), while the average price for exports to Malta ($X per ton) and Denmark ($X 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 Denmark (+6.0%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Israel

Bearing housing with ball bearing imports into Israel soared to X tons in 2022, rising by 19% compared with the previous year's figure. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing housing with ball bearing imports amounted to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of bearing housing with ball bearing imports to Israel, together accounting for 67% of total imports. Japan, the Czech Republic, Italy, the UK, Vietnam, the Netherlands, France and Singapore lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +47.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing suppliers to Israel were China ($X), the United States ($X) and Germany ($X), with a combined 67% share of total imports. Japan, the Czech Republic, Italy, the UK, Vietnam, the Netherlands, France and Singapore lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Vietnam, with a CAGR of +49.5%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, waning by -5.6% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 9.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($X per ton) and Vietnam ($X per ton), while the price for France ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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