Israel: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Israel

The Israeli market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021, with an increase of 15% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Israel

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 74%. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Israel

In 2021, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Israel declined sharply to X tons, with a decrease of -96.4% on 2020. Over the period under review, exports saw a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 1,153% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) declined sharply to $X in 2021. Overall, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 2,307%. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

The Netherlands (X tons), Brazil (X tons) and Turkey (X kg) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Israel, together comprising 41% 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 Brazil (with a CAGR of +84.1%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Israel, comprising 28% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports. It was followed by Poland, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at +73.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.4% per year) and Poland (-28.2% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, dropping by -3.4% against the previous year. Overall, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 92% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Israel

In 2021, purchases abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and Thailand (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Israel, together comprising 38% of total imports. These countries were followed by the United States, Austria, South Korea, France, Italy, the UK, Singapore, the Netherlands, India and Belgium, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +17.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Israel, comprising 21% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.8% per year) and the United States (+12.3% per year).

Import Prices by Country

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, declining by -12.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. The import price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :