Israel: Test And Measurement Market 2025

Test And Measurement Market Size in Israel

For the fourth consecutive year, the Israeli test and measurement market recorded growth in sales value, which increased by 20% to $X in 2021. Over the period under review, consumption recorded prominent growth. Test and measurement consumption peaked in 2021 and is expected to retain growth in years to come.

Test And Measurement Exports

Exports from Israel

After two years of growth, overseas shipments of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -53.2% to X units in 2021. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2017 when exports increased by 313% against the previous year. The exports peaked at X units in 2020, and then reduced remarkably in the following year.

In value terms, test and measurement exports fell notably to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 229%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

Peru (X units), the UK (X units) and Hong Kong SAR (X units) were the main destinations of test and measurement exports from Israel, with a combined 43% share of total exports. Russia, Australia, Germany, Taiwan (Chinese), Switzerland, the United States, Slovenia, Hungary, Belarus and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +79.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Israel, comprising 29% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 8.2% share of total exports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+86.3% per year) and Germany (+45.5% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, jumping by 18% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, test and measurement export price increased by +94.0% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 75% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 the United States (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Israel

For the fourth year in a row, Israel recorded growth in purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses, which increased by 40% to X units in 2021. Overall, imports saw resilient growth. The growth pace was the most rapid in 2018 when imports increased by 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, test and measurement imports totaled $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.7% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X units) constituted the largest test and measurement supplier to Israel, accounting for a 44% share of total imports. Moreover, test and measurement imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and Italy (-5.5% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest test and measurement suppliers to Israel, with a combined 56% share of total imports. Switzerland, Italy, the UK, Japan, France, Mexico, Taiwan (Chinese), the Netherlands, Spain and Denmark lagged somewhat behind, together accounting for a further 33%.

Mexico, with a CAGR of +55.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, dropping by -26.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 41%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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