Israel: Laser Market 2024

Laser Market Size in Israel

In 2021, the Israeli laser market increased by 145% to $X, rising for the third year in a row after three years of decline. Overall, consumption showed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Laser Production in Israel

In value terms, laser production soared to $X in 2021 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2019 when the production volume increased by 262%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Laser Exports

Exports from Israel

In 2021, laser exports from Israel surged to X units, picking up by 39% compared with the previous year. In general, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 68% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, laser exports surged to $X in 2021. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 86%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the United States (X units) and Spain (X units) were the main destinations of laser exports from Israel, together comprising 59% of total exports. Canada, Austria, Switzerland, the Netherlands, China, South Korea, Mexico, the UK, Greece and Luxembourg lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +126.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Spain ($X) appeared to be the largest markets for laser exported from Israel worldwide, with a combined 60% share of total exports. These countries were followed by Canada, Austria, Switzerland, the Netherlands, China, South Korea, Mexico, the UK, Greece and Luxembourg, which together accounted for a further 28%.

Switzerland, with a CAGR of +138.1%, saw 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

In 2021, the average laser export price amounted to $X per unit, rising by 3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Mexico ($X per unit) and Canada ($X per unit), while the average price for exports to Luxembourg ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Israel

In 2021, supplies from abroad of lasers, other than laser diodes was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, laser imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +68.2% against 2019 indices. 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), Germany (X units) and Lithuania (X units) were the main suppliers of laser imports to Israel, with a combined 74% share of total imports. These countries were followed by Denmark, France, Thailand, India, the UK and the Netherlands, which together accounted for a further 19%.

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 +100.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest laser suppliers to Israel were the United States ($X), Germany ($X) and Lithuania ($X), together comprising 74% of total imports. These countries were followed by Denmark, France, Thailand, India, the UK and the Netherlands, which together accounted for a further 19%.

In terms of the main suppliers, Denmark, with a CAGR of +103.9%, 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 laser import price amounted to $X per unit, with a decrease of -3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per unit) and Denmark ($X per unit), while the price for Germany ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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