Israel: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Israel

The Israeli market for diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022, picking up by 17% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Israel

In value terms, production of diesel engines (other than for motor vehicles and aircraft) shrank to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 81% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Israel

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) decreased by -10.8% to X units, falling for the fifth year in a row after two years of growth. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 978% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) declined to $X in 2022. Over the period under review, exports recorded a slight decline. The most prominent rate of growth was recorded in 2014 when exports increased by 3,353%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Israel, accounting for a 55% share of total exports. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+62.7% per year) and the Netherlands (+4.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Israel, comprising 55% of total exports. The second position in the ranking was held by Australia ($X), with a 21% share of total exports. It was followed by the Netherlands, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+83.4% per year) and the Netherlands (+46.0% per year).

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, remaining stable against the previous year. Overall, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 220% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Israel

In 2022, imports of diesel engines (other than for motor vehicles and aircraft) into Israel skyrocketed to X units, rising by 97% on 2021 figures. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 125% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of 76%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Israel, together comprising 48% of total imports. South Korea, Belgium, Mexico, Japan, the UK and Sweden lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +157.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Israel, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by South Korea, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.7% per year) and South Korea (-0.6% per year).

Import Prices by Country

The average import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, reducing by -23.9% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-14.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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