Israel: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Israel

The Israeli food manufacture machinery market surged to $X in 2021, growing by 22% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Food Manufacture Machinery Production in Israel

In value terms, food manufacture machinery production shrank to $X in 2021 estimated in export price. In general, production saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 50%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Food Manufacture Machinery Exports

Exports from Israel

In 2021, after four years of decline, there was significant growth in shipments abroad of machinery for the preparation or manufacture of food or drink, when their volume increased by 5.7% to X units. Overall, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 42%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, food manufacture machinery exports expanded notably to $X in 2021. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for food manufacture machinery exports from Israel, accounting for a 69% share of total exports. Moreover, food manufacture machinery exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), fourfold. Ukraine (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +58.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-21.8% per year) and Ukraine (-10.6% per year).

In value terms, Belgium ($X) emerged as the key foreign market for machinery for the preparation or manufacture of food or drink exports from Israel, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Ukraine, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.9% per year) and Ukraine (-7.3% per year).

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2021, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The export price peaked at $X per unit in 2020, and then dropped modestly in the following year.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Russia ($X per unit) and Ukraine ($X per unit), while the average price for exports to Australia ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Israel

In 2021, overseas purchases of machinery for the preparation or manufacture of food or drink were finally on the rise to reach X units after two years of decline. Over the period under review, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, food manufacture machinery imports soared to $X in 2021. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X units), Germany (X units) and Italy (X units) were the main suppliers of food manufacture machinery imports to Israel, with a combined 73% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +41.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest food manufacture machinery suppliers to Israel were Switzerland ($X), Germany ($X) and Italy ($X), with a combined 73% share of total imports.

Switzerland, with a CAGR of +43.8%, recorded the highest growth rate of 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

In 2021, the average food manufacture machinery import price amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2016 an increase of 16%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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