Israel: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Israel

The Israeli machine tool for metal market shrank sharply to $X in 2021, which is down by -32.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, posted a measured expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Israel

After two years of growth, overseas shipments of machine tools for working metal without removing metal decreased by -58.1% to X units in 2021. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 201%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, machine tool for metal exports contracted rapidly to $X in 2021. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 256% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for machine tool for metal exports from Israel, accounting for a 58% share of total exports. Moreover, machine tool for metal exports to Russia exceeded the volume sent to the second major destination, Turkey (X units), ninefold. South Africa (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+26.0% per year) and South Africa (-5.5% per year).

In value terms, Russia ($X) remains the key foreign market for machine tools for working metal without removing metal exports from Israel, comprising 59% of total exports. The second position in the ranking was held by Turkey ($X), with a 23% share of total exports. It was followed by Brazil, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+55.8% per year) and Brazil (+12.1% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, picking up by 39% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to the UK ($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 Luxembourg (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Israel

In 2021, approx. X units of machine tools for working metal without removing metal were imported into Israel; with a decrease of -54.6% on 2020. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 340%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, machine tool for metal imports declined dramatically to $X in 2021. Over the period under review, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2013 when imports increased by 358%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), the United States (X units) and Germany (X units) were the main suppliers of machine tool for metal imports to Israel, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +23.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machine tools for working metal without removing metal to Israel, comprising 22% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Portugal, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.9% per year) and Portugal (+16.9% per year).

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, jumping by 62% against the previous year. Overall, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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