Israel: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Israel

The Israeli grinding and sharpening machine market rose significantly to $X in 2022, picking up by 9.7% against the previous year. Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Israel

In value terms, grinding and sharpening machine production expanded significantly to $X in 2022 estimated in export price. In general, production saw a measured expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Israel

In 2022, shipments abroad of grinding and sharpening metal finishing machines was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine exports surged to $X in 2022. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units), Hungary (X units) and Russia (X units) were the main destinations of grinding and sharpening machine exports from Israel, together comprising 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +91.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for grinding and sharpening metal finishing machines exports from Israel, comprising 73% of total exports. The second position in the ranking was taken by Russia ($X), with a 16% share of total exports. It was followed by Angola, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+105.7% per year) and Angola (+56.8% per year).

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, increasing by 333% against the previous year. Over the period under review, the export price showed pronounced growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Hungary ($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 Angola (+63.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Israel

In 2022, supplies from abroad of grinding and sharpening metal finishing machines decreased by -21.2% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 105%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, grinding and sharpening machine imports reduced to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 87%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of grinding and sharpening machine imports to Israel, together comprising 66% of total imports. Denmark, Russia, Australia, Switzerland, Finland, India, the United States, the Netherlands, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to Israel were Germany ($X), Australia ($X) and Switzerland ($X), with a combined 78% share of total imports. Japan, Taiwan (Chinese), China, the United States, Sweden, India, Denmark, Finland, Russia and the Netherlands lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Russia, with a CAGR of +39.1%, saw 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 grinding and sharpening machine import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 183% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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