Israel: Industrial Robot Market 2024

Industrial Robot Market Size in Israel

In 2021, the Israeli industrial robot market decreased by -16.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Industrial Robot Production in Israel

In value terms, industrial robot production fell to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.5% against 2018 indices. The growth pace was the most rapid in 2019 when the production volume increased by 59% against the previous year. Industrial robot production peaked at $X in 2020, and then declined in the following year.

Industrial Robot Exports

Exports from Israel

In 2021, shipments abroad of industrial robots for multiple uses increased by 96% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 128% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, industrial robot exports soared to $X in 2021. Overall, exports recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 128%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Spain (X units) and the United States (X units) were the main destinations of industrial robot exports from Israel, together accounting for 68% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial robot exported from Israel were Germany ($X), Spain ($X) and the United States ($X), together comprising 65% of total exports.

Among the main countries of destination, Spain, with a CAGR of +33.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial robot export price stood at $X per unit in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per unit) and Slovenia ($X per unit), while the average price for exports to Thailand ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Robot Imports

Imports into Israel

In 2021, purchases abroad of industrial robots for multiple uses was finally on the rise to reach X units after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial robot imports surged to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of industrial robot imports to Israel, together comprising 60% of total imports. These countries were followed by Austria, Germany, Denmark, Sweden, the Netherlands, Italy, Canada, France, South Korea and Luxembourg, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial robot suppliers to Israel were the United States ($X), Japan ($X) and China ($X), with a combined 60% share of total imports. These countries were followed by Austria, Germany, Denmark, Sweden, the Netherlands, Italy, Canada, France, South Korea and Luxembourg, which together accounted for a further 29%.

Among the main suppliers, Denmark, with a CAGR of +32.8%, recorded the highest rates of growth with regard to 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 industrial robot import price stood at $X per unit in 2021, surging by 24% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Canada ($X per unit), while the price for Sweden ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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