Israel: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Israel

In 2022, after two years of decline, there was significant growth in the Israeli cranks and crankshafts market, when its value increased by 58% to $X. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cranks And Crankshafts Exports

Exports from Israel

In 2022, exports of cranks and crankshafts from Israel skyrocketed to X tons, growing by 63% on the previous year's figure. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 2,152%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cranks and crankshafts exports surged to $X in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 2,152%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for cranks and crankshafts exports from Israel, with a 56% share of total exports. Moreover, cranks and crankshafts exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+59.7% per year) and Spain (+12.2% per year).

In value terms, the United States ($X) remains the key foreign market for cranks and crankshafts exports from Israel, comprising 56% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+59.0% per year) and Spain (+11.6% per year).

Export Prices by Country

In 2022, the average cranks and crankshafts export price amounted to $X per ton, which is down by -10.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) and Austria ($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 Austria (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Israel

In 2022, supplies from abroad of cranks and crankshafts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 147% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cranks and crankshafts imports surged to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 165%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), the United States (X tons) and China (X tons) were the main suppliers of cranks and crankshafts imports to Israel, together accounting for 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and China ($X) were the largest cranks and crankshafts suppliers to Israel, together comprising 62% of total imports.

France, with a CAGR of +45.8%, saw the highest growth rate of 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

In 2022, the average cranks and crankshafts import price amounted to $X per ton, picking up by 5.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for the UK ($X per ton) and Italy ($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 (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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