Israel: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Israel

In 2021, the Israeli market for machines for preparing, weaving and knitting textiles decreased by -8.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Machines For Preparing, Weaving And Knitting Textiles in Israel

In value terms, textile weaving and knitting machinery production surged to $X in 2021 estimated in export price. In general, production, however, saw a pronounced decline. The growth pace was the most rapid in 2019 when the production volume increased by 62% against the previous year. Textile weaving and knitting machinery production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Israel

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a sharp contraction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports soared to $X in 2021. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 223% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Turkey (X units) and India (X units) were the main destinations of textile weaving and knitting machinery exports from Israel, with a combined 75% share of total exports. These countries were followed by Australia, Egypt, the UK, Brazil, Bulgaria and Hong Kong SAR, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +48.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and Australia ($X) were the largest markets for textile weaving and knitting machinery exported from Israel worldwide, with a combined 86% share of total exports. These countries were followed by India, the UK, Egypt, Brazil, Hong Kong SAR, Bulgaria and Italy, which together accounted for a further 12%.

Brazil, with a CAGR of +45.8%, recorded the highest rates of growth with regard to 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 export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, declining by -6.3% against the previous year. Overall, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Brazil ($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 China (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Israel

In 2021, textile weaving and knitting machinery imports into Israel reduced remarkably to X units, which is down by -36.5% on the year before. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 92%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery imports fell dramatically to $X in 2021. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 83% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Israel, accounting for a 34% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.3% per year) and France (+40.4% per year).

In value terms, the largest textile weaving and knitting machinery suppliers to Israel were China ($X), France ($X) and Italy ($X), with a combined 55% share of total imports.

In terms of the main suppliers, China, with a CAGR of +36.4%, saw the highest rates of growth with regard to 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 import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, increasing by 20% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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