Israel: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Israel

For the fourth year in a row, the Israeli electrical circuit apparatus market recorded growth in sales value, which increased by 13% to $X in 2021. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.4% against 2013 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Electrical Circuit Apparatus Exports

Exports from Israel

In 2021, after three years of decline, there was significant growth in overseas shipments of electrical apparatus for circuit connection, switching and protection, when their volume increased by 54% to X tons. In general, exports, however, continue to indicate a slight downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, electrical circuit apparatus exports surged to $X in 2021. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Italy (X tons) and Bulgaria (X tons) were the main destinations of electrical circuit apparatus exports from Israel, with a combined 41% share of total exports. These countries were followed by India, the Czech Republic, Hong Kong SAR, China, Germany, the Philippines, Singapore, Argentina, Lithuania, Australia and Taiwan (Chinese), which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +59.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electrical circuit apparatus exports from Israel, comprising 24% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.1% share of total exports. It was followed by India, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.8% per year) and India (+12.3% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Bulgaria ($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 India (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Israel

In 2021, after five years of growth, there was decline in purchases abroad of electrical apparatus for circuit connection, switching and protection, when their volume decreased by -4.9% to X tons. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.5% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. Imports peaked at X tons in 2020, and then fell modestly in the following year.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.0% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of electrical circuit apparatus imports to Israel, with a combined 49% share of total imports. Italy, Switzerland, France, Taiwan (Chinese), Turkey, Spain, the UK, Japan, South Korea, India, Hong Kong SAR and the Netherlands lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest electrical circuit apparatus suppliers to Israel, together accounting for 49% of total imports. These countries were followed by Italy, France, Switzerland, Taiwan (Chinese), the UK, Japan, South Korea, Turkey, Spain, India, Hong Kong SAR and the Netherlands, which together accounted for a further 38%.

Japan, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average electrical circuit apparatus import price amounted to $X per ton, surging by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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