Israel: Electrical Transformer Market 2025

Electrical Transformer Market Size in Israel

In 2022, the Israeli electrical transformer market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption continues to indicate a mild decline. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Electrical Transformer Production in Israel

In value terms, electrical transformer production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Electrical transformer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in overseas shipments of electrical transformers, when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, electrical transformer exports expanded rapidly to $X in 2022. In general, exports showed a perceptible slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), the United States (X units) and Germany (X units) were the main destinations of electrical transformer exports from Israel, together accounting for X% of total exports. Italy, the UK, France, Canada, Hong Kong SAR and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical transformer exported from Israel were Japan ($X), the United States ($X) and Canada ($X), with a combined X% share of total exports.

Japan, with a CAGR of X%, recorded 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

The average electrical transformer export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, recorded a precipitous decline. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the UK ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Israel

After four years of growth, overseas purchases of electrical transformers decreased by X% to X units in 2022. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, electrical transformer imports skyrocketed to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of electrical transformer imports to Israel, together accounting for X% of total imports. Hong Kong SAR, Turkey, Italy, France, Croatia, Taiwan (Chinese), Spain, Switzerland and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United States ($X) and China ($X) appeared to be the largest electrical transformer suppliers to Israel, together comprising X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, 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 2022, the average electrical transformer import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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