Israel: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Israel

The Israeli pneumatic tyre retreading machinery market rose notably to $X in 2022, surging by 6.9% against the previous year. Over the period under review, consumption saw a pronounced expansion. Pneumatic tyre retreading machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Israel

In value terms, pneumatic tyre retreading machinery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 11% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from Israel

In 2022, overseas shipments of machinery for moulding or retreading pneumatic tyres increased by 33% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 375% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of 1,483% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) and Palestine (X units) were the main destinations of pneumatic tyre retreading machinery exports from Israel.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +7.2%).

In value terms, India ($X) remains the key foreign market for machinery for moulding or retreading pneumatic tyres exports from Israel, comprising 91% of total exports. The second position in the ranking was held by Palestine ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India totaled +4.8%.

Export Prices by Country

The average pneumatic tyre retreading machinery export price stood at $X per unit in 2022, growing by 425% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 692%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Palestine stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into Israel

In 2022, overseas purchases of machinery for moulding or retreading pneumatic tyres decreased by 0% to X units, falling for the second consecutive year after two years of decline. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 71%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic tyre retreading machinery imports totaled $X in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,349%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X units), Turkey (X units) and Germany (X units) were the main suppliers of pneumatic tyre retreading machinery imports to Israel, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of machinery for moulding or retreading pneumatic tyres to Israel, comprising 74% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports. It was followed by the UK, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+37.7% per year) and the UK (+23.0% per year).

Import Prices by Country

The average pneumatic tyre retreading machinery import price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a significant expansion. The growth pace was the most rapid in 2014 an increase of 2,145% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+45.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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