Israel: Measuring Instrument Market 2022

Measuring Instrument Market Size in Israel

In 2021, the Israeli measuring instrument market decreased by -15.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Measuring Instrument Exports

Exports from Israel

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported from Israel surged to X units, picking up by 65% on 2020 figures. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 70%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, measuring instrument exports skyrocketed to $X in 2021. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Brazil (X units) and Switzerland (X units) were the main destinations of measuring instrument exports from Israel, with a combined 59% share of total exports. These countries were followed by India, the UK, South Korea, Spain, Taiwan (Chinese), the Netherlands, Greece, Australia, Argentina and Chile, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +82.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Switzerland ($X) appeared to be the largest markets for measuring instrument exported from Israel worldwide, with a combined 59% share of total exports. These countries were followed by India, the UK, South Korea, Spain, Taiwan (Chinese), the Netherlands, Greece, Australia, Argentina and Chile, which together accounted for a further 26%.

Greece, with a CAGR of +86.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2021, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then fell modestly in the following year.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Argentina ($X per unit), while the average price for exports to Australia ($X per unit) and Greece ($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 Greece (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Israel

In 2021, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -8.5% to X units, falling for the second year in a row after four years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 32% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, measuring instrument imports declined to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 16%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of measuring instrument imports to Israel, together accounting for 56% of total imports. The Netherlands, the UK, France, Italy, Japan, Switzerland, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest measuring instrument suppliers to Israel, with a combined 56% share of total imports. The Netherlands, the UK, France, Italy, Japan, Switzerland, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, France, with a CAGR of +11.6%, 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

In 2021, the average measuring instrument import price amounted to $X per unit, rising by 3.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 31%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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