Israel: Electroplating Machine Market 2024

Electroplating Machine Market Size in Israel

The Israeli electroplating machine market soared to $X in 2021, jumping by 294% against the previous year. Overall, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electroplating Machine Production in Israel

In value terms, electroplating machine production fell to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Electroplating Machine Exports

Exports from Israel

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis increased by 11% to X units for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 253% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, electroplating machine exports reached $X in 2021. In general, exports, however, recorded a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 226%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for electroplating machine exports from Israel, accounting for a 67% share of total exports. Moreover, electroplating machine exports to Georgia exceeded the volume sent to the second major destination, France (X units), sixfold. The third position in this ranking was taken by Bulgaria (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-21.0% per year) and Bulgaria (-22.7% per year).

In value terms, China ($X), France ($X) and the United States ($X) constituted the largest markets for electroplating machine exported from Israel worldwide, together accounting for 61% of total exports. These countries were followed by Bulgaria, Singapore, Georgia and South Africa, which together accounted for a further 12%.

Bulgaria, with a CAGR of +18.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, declining by -5.6% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electroplating machine export price increased by +71.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 48% against the previous year. The export price peaked at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+98.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Israel

In 2021, electroplating machine imports into Israel soared to X units, increasing by 374% compared with 2020. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electroplating machine imports soared to $X in 2021. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X units), Japan (X units) and Germany (X units) were the main suppliers of electroplating machine imports to Israel, with a combined 64% 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 Belgium (with a CAGR of +119.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Japan ($X) and Germany ($X) appeared to be the largest electroplating machine suppliers to Israel, with a combined 59% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +127.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, reducing by -12.2% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electroplating machine import price increased by +79.0% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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