Israel: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Israel

In 2021, the Israeli panel display manufacturing machine market increased by 5.2% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a remarkable increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in Israel

In value terms, panel display manufacturing machine production declined to $X in 2021 estimated in export price. Overall, production saw a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Panel display manufacturing machine production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from Israel

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -50% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 140%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports declined to $X in 2021. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 1,289%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for panel display manufacturing machine exports from Israel, with a 83% share of total exports. Moreover, panel display manufacturing machine exports to China exceeded the volume sent to the second major destination, the United States (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +2.8%.

In value terms, China ($X) remains the key foreign market for panel display manufacturing machine exports from Israel, comprising 74% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by Japan, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.7% per year) and Japan (-22.4% per year).

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, surging by 76% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 the United States (+31.9%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into Israel

In 2021, purchases abroad of machines for the manufacture of flat panel displays increased by 125% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 11,200%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, panel display manufacturing machine imports surged to $X in 2021. Overall, imports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 6,383%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Hong Kong SAR (X units) and Thailand (X units) were the main suppliers of panel display manufacturing machine imports to Israel, with a combined 78% share of total imports. Moreover, panel display manufacturing machine imports in China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR, twofold.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of panel display manufacturing machine to Israel, comprising 45% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by China, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+1.3% per year) and China (+9.1% per year).

Import Prices by Country

In 2021, the average panel display manufacturing machine import price amounted to $X per unit, increasing by 67% against the previous year. In general, the import price recorded slight growth. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+935.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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