Israel: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Israel

In 2022, the Israeli non-electric motor handtools market decreased by -25.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then declined significantly in the following year.

Non-Electric Motor Handtools Exports

Exports from Israel

Non-electric motor handtools exports from Israel soared to X units in 2022, surging by 58% compared with the year before. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2019 with an increase of 211%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric motor handtools exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 384%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for non-electric motor handtools exports from Israel, accounting for a 37% share of total exports. Moreover, non-electric motor handtools exports to Singapore exceeded the volume sent to the second major destination, the UK (X units), threefold. India (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +223.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+92.8% per year) and India (+21.9% per year).

In value terms, Singapore ($X) emerged as the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Israel, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +225.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+87.4% per year) and India (+28.3% per year).

Export Prices by Country

The average non-electric motor handtools export price stood at $X per unit in 2022, which is down by -4.5% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric motor handtools export price decreased by -36.2% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 56%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per unit) and Cameroon ($X per unit), while the average price for exports to South Korea ($X per unit) and Costa Rica ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Israel

Non-electric motor handtools imports into Israel shrank rapidly to X units in 2022, dropping by -29.3% on the year before. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 44%. Over the period under review, imports attained the maximum at X units in 2021, and then declined rapidly in the following year.

In value terms, non-electric motor handtools imports contracted to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of non-electric motor handtools imports to Israel, together comprising 59% of total imports. France, the UK, the Netherlands, Sweden, Japan, Italy, Taiwan (Chinese) and Brazil lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +72.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest non-electric motor handtools suppliers to Israel, together accounting for 59% of total imports. France, the UK, the Netherlands, Sweden, Japan, Italy, Taiwan (Chinese) and Brazil lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, France, with a CAGR of +73.3%, recorded 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 non-electric motor handtools import price stood at $X per unit in 2022, increasing by 28% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and China ($X per unit), while the price for Brazil ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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