Israel: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Israel

The Israeli market for bearing housings not incorporating ball or roller bearings, plain shaft bearings totaled $X in 2021, flattening at the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Israel

In value terms, bearing housing without ball bearing production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 52% against the previous year. Bearing housing without ball bearing production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Israel

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 36% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.9% against 2019 indices. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports surged to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for bearing housing without ball bearing exports from Israel, accounting for a 53% share of total exports. Moreover, bearing housing without ball bearing exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), eightfold. Mexico (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.2% per year) and Mexico (-1.2% per year).

In value terms, the United States ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Israel, comprising 53% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.8% share of total exports. It was followed by Mexico, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+18.2% per year) and Mexico (+1.3% per year).

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, falling by -6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 an increase of 21%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Brazil ($X per ton) and France ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Israel

In 2021, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -13.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 65%. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, bearing housing without ball bearing imports declined to $X in 2021. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 35% against the previous year. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and China (X tons) were the main suppliers of bearing housing without ball bearing imports to Israel, together comprising 71% of total imports. These countries were followed by the UK, Japan, Italy, the Netherlands, the Czech Republic, Sweden, Serbia, Belgium and France, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +263.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the largest bearing housing without ball bearing suppliers to Israel, together comprising 69% of total imports. The UK, Serbia, Japan, Italy, the Netherlands, the Czech Republic, Sweden, Belgium and France lagged somewhat behind, together comprising a further 23%.

Serbia, with a CAGR of +374.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, increasing by 9.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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