Israel: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Israel

The Israeli market for in-hand motor grinders, sanders and planers soared to $X in 2021, with an increase of 57% 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). Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Israel

In 2021, overseas shipments of in-hand motor grinders, sanders and planers decreased by -44.3% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 801%. Over the period under review, the exports of reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers declined rapidly to $X in 2021. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 484% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Palestine (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Israel, accounting for a 80% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Palestine exceeded the volume sent to the second major destination, China (X units), more than tenfold. New Zealand (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Palestine amounted to -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+19.6% per year) and New Zealand (+2.8% per year).

In value terms, Palestine ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Israel, comprising 74% of total exports. The second position in the ranking was held by China ($X), with a 14% share of total exports. It was followed by South Africa, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to Palestine totaled -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.6% per year) and South Africa (-2.3% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 2.5% against the previous year. Overall, the export price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to New Zealand ($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 South Africa (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Israel

In 2021, supplies from abroad of in-hand motor grinders, sanders and planers increased by 44% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2014 when imports increased by 52% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Israel, accounting for a 52% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Romania (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and Romania (+85.0% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Israel, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Romania (+89.0% per year).

Import Prices by Country

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, rising by 12% against the previous year. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42%. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per unit) and Russia ($X per unit), while the price for Germany ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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