Israel: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Israel

The Israeli market for grinding, sanding and polishing machines reduced rapidly to $X in 2021, falling by -27.4% 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 saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Israel

In 2021, after two years of decline, there was significant growth in shipments abroad of grinding, sanding and polishing machines, when their volume increased by 97% to X units. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 295%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports expanded remarkably to $X in 2021. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 202% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units), Lithuania (X units) and South Africa (X units) were the main destinations of grinding, sanding and polishing machine exports from Israel, with a combined 67% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +60.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Israel, comprising 45% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 12% share of total exports. It was followed by South Africa, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania totaled +67.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-42.3% per year) and South Africa (-27.9% per year).

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, shrinking by -44.1% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to South Korea ($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 Romania (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Israel

In 2021, the amount of grinding, sanding and polishing machines imported into Israel fell remarkably to X units, shrinking by -18.6% compared with 2020. Overall, imports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2016 when imports increased by 287%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports dropped sharply to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 186%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Israel, accounting for a 45% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Denmark (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.6% per year) and Denmark (+24.9% per year).

In value terms, the largest grinding, sanding and polishing machine suppliers to Israel were China ($X), Germany ($X) and Japan ($X), with a combined 42% share of total imports.

Japan, with a CAGR of +31.0%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, waning by -12.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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