Israel: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in Israel

In 2021, the Israeli driving and non-driving axle market increased by 13% to $X, rising for the fourth year in a row after three years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.4% 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 +37.2% against 2017 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Israel

In 2021, exports of drive-axles with differential and non-driving axles from Israel skyrocketed to X tons, picking up by 32% on the previous year. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,249% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, driving and non-driving axle exports skyrocketed to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,542% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of driving and non-driving axle exports from Israel, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +232.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for driving and non-driving axle exported from Israel were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 93% share of total exports.

Germany, with a CAGR of +244.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average driving and non-driving axle export price amounted to $X per ton, rising by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 29%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to the UK ($X per ton) and Ghana ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Israel

In 2021, the amount of drive-axles with differential and non-driving axles imported into Israel expanded sharply to X tons, growing by 14% compared with the previous year. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 95%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, driving and non-driving axle imports stood at $X in 2021. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 92% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of driving and non-driving axle imports to Israel, together comprising 47% of total imports. Turkey, the Czech Republic, the UK, Italy, Japan, Canada, South Korea, the Netherlands, Sweden and Austria lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +101.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle suppliers to Israel were China ($X), Germany ($X) and the United States ($X), together accounting for 47% of total imports. Turkey, the Czech Republic, the UK, Italy, Japan, Canada, South Korea, the Netherlands, Sweden and Austria lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +98.1%, recorded the highest growth rate of 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

The average driving and non-driving axle import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 6.5%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Canada ($X per ton) and Japan ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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