Israel: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Israel

The Israeli stone polishing machine market dropped notably to $X in 2022, declining by -16.9% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Stone polishing machine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Stone Polishing Machine Production in Israel

In value terms, stone polishing machine production totaled less than $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 with a decrease of 99.9%. Stone polishing machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Stone Polishing Machine Exports

Exports from Israel

In 2022, after three years of growth, there was significant decline in overseas shipments of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -25.1% to X units. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 574% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell remarkably in the following year.

In value terms, stone polishing machine exports declined rapidly to $X in 2022. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 845% against the previous year. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

India (X units) was the main destination for stone polishing machine exports from Israel, accounting for a 70% share of total exports. Moreover, stone polishing machine exports to India exceeded the volume sent to the second major destination, Russia (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +60.0%.

In value terms, the largest markets for stone polishing machine exported from Israel were Russia ($X) and India ($X).

India, with a CAGR of +58.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, surging by 6.3% against the previous year. In general, the export price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 59% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+4.3%), while the prices for the other major destinations experienced a decline.

Stone Polishing Machine Imports

Imports into Israel

In 2022, imports of grinding or polishing machines for working stone, ceramics and concrete into Israel skyrocketed to X units, growing by 109% against 2021 figures. In general, imports, however, saw a perceptible decline. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, stone polishing machine imports reached $X in 2022. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of 138%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stone polishing machine to Israel, with a 58% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.3% per year) and the United States (-8.1% per year).

In value terms, the largest stone polishing machine suppliers to Israel were Italy ($X), China ($X) and Germany ($X), with a combined 70% share of total imports. Turkey, the United States and Bulgaria lagged somewhat behind, together comprising a further 24%.

Turkey, with a CAGR of +32.3%, recorded the highest growth rate of 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 2022, the average stone polishing machine import price amounted to $X per unit, which is down by -51.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 47%. The import price peaked at $X per unit in 2021, and then dropped sharply in the following year.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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