Israel: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Israel

In 2022, the Israeli market for machine-tools for working stone, ceramics, and concrete decreased by -43.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed tangible growth. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Israel

In value terms, machine tools for working stone production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 523%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Israel

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete increased by 22% to X units, rising for the third consecutive year after two years of decline. In general, exports recorded a modest increase. The pace of growth was the most pronounced in 2014 with an increase of 118% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports expanded sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 85%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of machine tools for working stone exports from Israel, with a combined 79% share of total exports. Russia, Germany, Denmark and Canada lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +13.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tools for working stone exported from Israel were the United States ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 79% share of total exports. Russia, Germany, Denmark and Canada lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Russia, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, waning by -13.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per unit) and Russia ($X per unit), while the average price for exports to Canada ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Israel

Machine tools for working stone imports into Israel dropped significantly to X units in 2022, which is down by -48.1% on the previous year. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 189% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced rapidly in the following year.

In value terms, machine tools for working stone imports fell notably to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 189% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Italy (X units), China (X units) and Austria (X units) were the main suppliers of machine tools for working stone imports to Israel, with a combined 57% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +94.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Austria ($X) constituted the largest machine tools for working stone suppliers to Israel, together accounting for 57% of total imports.

Austria, with a CAGR of +92.1%, saw the highest growth rate of 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

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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