Israel: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Israel

The Israeli machine-tool for removing material market expanded sharply to $X in 2021, increasing by 14% against the previous year. Overall, consumption recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Machine-Tools For Working Any Material By Removal Of Material in Israel

In value terms, machine-tool for removing material production reached $X in 2021 estimated in export price. Over the period under review, production showed slight growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 126%. Machine-tool for removing material production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Israel

In 2021, shipments abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units after three years of decline. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 114% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X units), Canada (X units) and the United States (X units) were the main destinations of machine-tool for removing material exports from Israel, together comprising 46% of total exports. The UK, Taiwan (Chinese), Mexico, Chile, China, South Africa, Hong Kong SAR, Thailand, Namibia and Germany lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Israel, comprising 22% of total exports. The second position in the ranking was held by the UK ($X), with an 11% share of total exports. It was followed by Canada, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.5% per year) and Canada (+12.9% per year).

Export Prices by Country

In 2021, the average machine-tool for removing material export price amounted to $X per unit, falling by -29.7% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($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 Chile (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Israel

In 2021, the amount of machine-tools for working any material by removal of material imported into Israel surged to X units, with an increase of 126% against the previous year. In general, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for removing material imports surged to $X in 2021. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of machine-tool for removing material imports to Israel, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Israel, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.9% per year) and Italy (+33.5% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, falling by -14.2% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 5.7%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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