Israel: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Israel

In 2021, the Israeli wood bending machine market increased by 512% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Production in Israel

In value terms, wood bending machine production amounted to $X in 2021 estimated in export price. In general, production showed a sharp descent. The growth pace was the most rapid in 2019 when the production volume decreased by -40.1%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Wood Bending Machine Exports

Exports from Israel

After two years of decline, shipments abroad of bending or assembling machines increased by 100% to X units in 2021. Over the period under review, exports showed noticeable growth. The most prominent rate of growth was recorded in 2018 when exports increased by 5,025% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 3,840% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units), India (X units) and the United States (X units) were the main destinations of wood bending machine exports from Israel, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for bending or assembling machines exports from Israel, comprising 86% of total exports. The second position in the ranking was taken by China ($X), with a 7.8% share of total exports. It was followed by Germany, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.4% per year) and Germany (0.0% per year).

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, shrinking by -33.3% against the previous year. Over the period under review, the export price faced a dramatic slump. The pace of growth appeared the most rapid in 2016 a decrease of -10.7% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+42.5%), while the prices for the other major destinations experienced a decline.

Wood Bending Machine Imports

Imports into Israel

After four years of decline, overseas purchases of bending or assembling machines increased by 338% to X units in 2021. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood bending machine imports skyrocketed to $X in 2021. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X units) constituted the largest supplier of wood bending machine to Israel, with a 40% share of total imports. Moreover, wood bending machine imports from Denmark exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.4% per year) and China (+19.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of bending or assembling machines to Israel, comprising 30% of total imports. The second position in the ranking was held by Austria ($X), with an 8.4% share of total imports. It was followed by China, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+4.2% per year) and China (+20.0% per year).

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, falling by -15.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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