Israel: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Israel

The Israeli fuel or lubricating pump market reached $X in 2021, growing by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Israel

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 664% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. Overall, exports saw perceptible growth. The pace of growth appeared the most rapid in 2018 when exports increased by 593%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Palestine (X units) was the main destination for fuel or lubricating pump exports from Israel, accounting for a 40% share of total exports. Moreover, fuel or lubricating pump exports to Palestine exceeded the volume sent to the second major destination, South Korea (X units), fourfold. The third position in this ranking was held by Belgium (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Palestine amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+70.6% per year) and Belgium (+37.0% per year).

In value terms, the largest markets for fuel or lubricating pump exported from Israel were South Korea ($X), Palestine ($X) and Belgium ($X), with a combined 37% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +47.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, falling by -14.8% against the previous year. Overall, the export price recorded a deep setback. The growth pace was the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Israel

In 2021, approx. X units of fuel, lubricating or cooling-medium pumps for internal combustion engines were imported into Israel; with an increase of 10% compared with 2020 figures. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 155%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fuel or lubricating pump imports rose rapidly to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +89.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 58%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of fuel or lubricating pump to Israel, with a 24% share of total imports. Moreover, fuel or lubricating pump imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.9% per year) and Italy (+8.4% per year).

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Israel, comprising 17% of total imports. The second position in the ranking was taken by China ($X), with a 7% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.8% per year) and Italy (+2.0% per year).

Import Prices by Country

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Sweden ($X per unit) and the UK ($X per unit), while the price for France ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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