Israel: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Israel

In 2021, the Israeli conveyor or transmission belt market increased by 3.3% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Conveyor or transmission belt consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Israel

In value terms, conveyor or transmission belt production shrank modestly to $X in 2021 estimated in export price. Overall, production recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. Conveyor or transmission belt production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Israel

Conveyor or transmission belt exports from Israel skyrocketed to X tons in 2021, increasing by 21% against the year before. In general, exports, however, showed a noticeable contraction. The growth pace was the most rapid in 2015 when exports increased by 83%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, conveyor or transmission belt exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 220% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Greece (X tons), the United States (X tons) and China (X tons) were the main destinations of conveyor or transmission belt exports from Israel, together comprising 66% of total exports. India, the Philippines, South Africa, Germany, the Netherlands, South Korea, Senegal, Turkey, Japan and Singapore lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +51.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for conveyor or transmission belt exported from Israel were Greece ($X), the United States ($X) and China ($X), together accounting for 64% of total exports. These countries were followed by India, Germany, the Philippines, South Africa, South Korea, Japan, Singapore, Turkey, Senegal and the Netherlands, which together accounted for a further 28%.

In terms of the main countries of destination, South Korea, with a CAGR of +51.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2021, picking up by 4.8% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, conveyor or transmission belt export price increased by +24.2% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 75% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 Germany (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Israel

In 2021, overseas purchases of conveyor or transmission belts or belting were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, conveyor or transmission belt imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of conveyor or transmission belt imports to Israel, together accounting for 54% of total imports. Turkey, the United States, the Netherlands, France, South Africa, Japan, the UK, Hungary, Spain and Belgium lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +112.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest conveyor or transmission belt suppliers to Israel, with a combined 45% share of total imports. The United States, Turkey, South Africa, Japan, the UK, France, the Netherlands, Spain, Belgium and Hungary lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, South Africa, with a CAGR of +116.3%, 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 2021, the average conveyor or transmission belt import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 5.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Hungary ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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