Israel: Shaft Coupling Market 2024

Shaft Coupling Market Size in Israel

The Israeli shaft coupling market totaled $X in 2022, remaining stable 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). The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Israel

In 2022, overseas shipments of clutches and shaft couplings increased by 231% to X tons, rising for the second year in a row after six years of decline. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,039% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, shaft coupling exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,061% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for shaft coupling exports from Israel, with a 56% share of total exports. Moreover, shaft coupling exports to Cyprus exceeded the volume sent to the second major destination, India (X tons), fourfold. New Zealand (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled +342.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+50.2% per year) and New Zealand (0.0% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for clutches and shaft couplings exports from Israel, comprising 56% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by New Zealand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled +340.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+48.3% per year) and New Zealand (0.0% per year).

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, shrinking by -2.2% against the previous year. In general, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2015 an increase of 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and New Zealand ($X per ton), while the average price for exports to the United States ($X per ton) and Taiwan (Chinese) ($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 the UK (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Shaft Coupling Imports

Imports into Israel

In 2022, purchases abroad of clutches and shaft couplings was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, shaft coupling imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of shaft coupling imports to Israel, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Israel were Germany ($X), the United States ($X) and the UK ($X), with a combined 67% share of total imports.

The UK, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, reducing by -4.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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