Israel: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in Israel

The Israeli market for instruments for measuring electrical quantities expanded sharply to $X in 2021, picking up by 6.7% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Instruments for Measuring Electrical Quantities in Israel

In value terms, instruments for measuring electrical quantities production reduced to $X in 2021 estimated in export price. Overall, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 139%. Instruments for measuring electrical quantities production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Instruments for Measuring Electrical Quantities

Exports from Israel

In 2021, overseas shipments of instruments for measuring electrical quantities increased by 48% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 90%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports surged to $X in 2021. In general, exports, however, saw a slight reduction. The pace of growth was the most pronounced in 2018 with an increase of 66%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), the United States (X units) and Uganda (X units) were the main destinations of instruments for measuring electrical quantities exports from Israel, together accounting for 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of +127.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Uganda ($X) were the largest markets for instruments for measuring electrical quantities exported from Israel worldwide, with a combined 49% share of total exports.

Uganda, with a CAGR of +136.3%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were the UK ($X per unit) and Germany ($X per unit), while the average price for exports to Singapore ($X per unit) and Hungary ($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 Mexico (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Israel

Instruments for measuring electrical quantities imports into Israel skyrocketed to X units in 2021, picking up by 22% compared with the previous year. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.5% 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 +102.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +43.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of instruments for measuring electrical quantities imports to Israel, together comprising 52% of total imports. These countries were followed by Malaysia, the UK, Romania, France, Taiwan (Chinese), Poland, India, Canada and the Netherlands, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +56.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest instruments for measuring electrical quantities suppliers to Israel were the United States ($X), China ($X) and Germany ($X), together comprising 53% of total imports. Malaysia, the UK, Romania, France, Taiwan (Chinese), Poland, India, Canada and the Netherlands lagged somewhat behind, together accounting for a further 34%.

Poland, with a CAGR of +55.5%, recorded the highest rates of growth with regard to 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 import price for instruments for measuring electrical quantities stood at $X per unit in 2021, increasing by 7.3% against the previous year. Overall, the import price, however, recorded a slight decline. The growth pace was the most rapid in 2017 an increase of 57%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and China ($X per unit), while the price for Romania ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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