Israel: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Israel

In 2021, the Israeli machine-tool for working wood market increased by 64% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +111.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Wood

Exports from Israel

In 2021, approx. X tons of machine-tools for working wood were exported from Israel; jumping by 78% on the previous year's figure. In general, exports, however, saw a deep setback. The growth pace was the most rapid in 2016 when exports increased by 708% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine-tool for working wood exports soared to $X in 2021. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 541% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), India (X tons) and Italy (X tons) were the main destinations of machine-tool for working wood exports from Israel, with a combined 51% share of total exports. Russia, China, Germany, Greece, Georgia, Spain, the UK, Ukraine and France lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +44.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and China ($X) constituted the largest markets for machine-tool for working wood exported from Israel worldwide, with a combined 53% share of total exports. Italy, Russia, Germany, Greece, the UK, Georgia, France, Spain and Ukraine lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Russia, with a CAGR of +48.6%, 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

The average machine-tool for working wood export price stood at $X per ton in 2021, increasing by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 Georgia (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Israel

In 2021, purchases abroad of machine-tools for working wood was finally on the rise to reach X tons after four years of decline. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working wood imports skyrocketed to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. 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

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Israel, accounting for a 38% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.2% per year) and Germany (-3.1% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) appeared to be the largest machine-tool for working wood suppliers to Israel, together comprising 69% of total imports. Denmark, Turkey, Austria, Spain, Taiwan (Chinese), India, the UK and the United States lagged somewhat behind, together comprising a further 24%.

India, with a CAGR of +83.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, growing by 2.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Denmark ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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