Israel: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Israel

The Israeli footwear making machinery market reduced sharply to $X in 2022, with a decrease of X% 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 recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Footwear Making Machinery Exports

Exports from Israel

In 2019, shipments abroad of machinery for making or repairing footwear decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2019, the exports stood at a somewhat lower figure.

In value terms, footwear making machinery exports skyrocketed to $X in 2019. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2019, the exports failed to regain momentum.

Exports by Country

Spain (X units) and Italy (X units) were the main destinations of footwear making machinery exports from Israel. Moreover, footwear making machinery exports in Spain exceeded the figures recorded by the second-largest exporter, Italy, twofold.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%).

In value terms, Spain ($X) emerged as the key foreign market for machinery for making or repairing footwear exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2019, the average footwear making machinery export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Italy amounted to $X per unit.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

Footwear Making Machinery Imports

Imports into Israel

In 2022, the amount of machinery for making or repairing footwear imported into Israel declined rapidly to X units, shrinking by X% on the year before. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, footwear making machinery imports dropped markedly to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of footwear making machinery to Israel, with a X% share of total imports. Moreover, footwear making machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for making or repairing footwear to Israel, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

The average footwear making machinery import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear making machinery import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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