Israel: Machinery For Packing Market 2024

Machinery For Packing Market Size in Israel

The Israeli machinery for packing market plummeted to $X in 2022, waning by -23.9% 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). In general, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Machinery For Packing Exports

Exports from Israel

In 2022, shipments abroad of machinery for packing or wrapping was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 62% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports fell modestly to $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 42%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for machinery for packing exports from Israel, with a 59% share of total exports. Moreover, machinery for packing exports to the United States exceeded the volume sent to the second major destination, Russia (X units), sevenfold. The third position in this ranking was held by Canada (X units), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-1.1% per year) and Canada (+37.8% per year).

In value terms, the United States ($X) remains the key foreign market for machinery for packing or wrapping exports from Israel, comprising 59% of total exports. The second position in the ranking was taken by Russia ($X), with a 9% share of total exports. It was followed by Canada, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.1% per year) and Canada (+36.2% per year).

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, declining by -15.9% against the previous year. Over the period under review, the export price showed a mild decline. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Ukraine ($X per unit), while the average price for exports to Australia ($X per unit) and Canada ($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 a decline.

Machinery For Packing Imports

Imports into Israel

In 2022, machinery for packing imports into Israel contracted dramatically to X units, with a decrease of -16.7% compared with 2021 figures. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of X units, and then dropped significantly in the following year.

In value terms, machinery for packing imports shrank significantly to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of machinery for packing to Israel, with a 38% share of total imports. Moreover, machinery for packing imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and China (+9.3% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Israel, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.4% per year) and China (+7.3% per year).

Import Prices by Country

In 2022, the average machinery for packing import price amounted to $X per unit, shrinking by -3.7% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2020 an increase of 7.7%. The import price peaked at $X per unit in 2014; however, from 2015 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 the Netherlands ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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