Israel: Computing Machinery Market 2024

Computing Machinery Market Size in Israel

In 2021, the Israeli computing machinery market increased by 20% to $X, rising for the fifth consecutive year after three years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.4% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Exports

Exports from Israel

In 2021, shipments abroad of computing machinery and parts and accessories thereof increased by 7.4% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, computing machinery exports rose slightly to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 12%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Japan (X tons) were the main destinations of computing machinery exports from Israel, together comprising 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Israel, comprising 38% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by Germany, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.6% per year) and Germany (-0.5% per year).

Export Prices by Country

In 2021, the average computing machinery export price amounted to $X per ton, which is down by -4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Israel

In 2021, supplies from abroad of computing machinery and parts and accessories thereof increased by 12% to X tons, rising for the second consecutive year after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of computing machinery imports to Israel, together comprising 54% of total imports. The Czech Republic, Germany, Hong Kong SAR, Switzerland, Vietnam, Malaysia, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +30.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Israel, comprising 27% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.4% per year) and the Czech Republic (+15.7% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, rising by 5.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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