Israel: Working Wire Machine Market 2024

Working Wire Machine Market Size in Israel

The Israeli working wire machine market expanded rapidly to $X in 2021, rising by 13% against the previous year. In general, consumption enjoyed a significant increase. Working wire machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Working Wire Machine Production in Israel

In value terms, working wire machine production stood at $X in 2021 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 72%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Working Wire Machine Exports

Exports from Israel

In 2020, approx. X units of machines for working wire were exported from Israel; which is down by -91.8% compared with the previous year's figure. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 1,125%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, working wire machine exports reduced notably to $X in 2020. Over the period under review, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2019 when exports increased by 1,097% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Canada ($X) remains the key foreign market for machines for working wire exports from Israel, comprising 75% of total exports. The second position in the ranking was taken by Turkey ($X), with a 5.5% share of total exports. It was followed by the United States, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled -29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-42.9% per year) and the United States (-60.8% per year).

Export Prices by Country

In 2020, the average working wire machine export price amounted to $X per unit, which is down by -3.3% against the previous year. In general, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 138% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Working Wire Machine Imports

Imports into Israel

In 2021, supplies from abroad of machines for working wire decreased by -78.7% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 292% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, working wire machine imports declined dramatically to $X in 2021. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 344% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Austria (X units), India (X units) and Taiwan (Chinese) (X units) were the main suppliers of working wire machine imports to Israel, together accounting for 40% of total imports. Moreover, working wire machine imports in Austria exceeded the figures recorded by the second-largest supplier, India, twofold.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +8.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X) constituted the largest supplier of machines for working wire to Israel, comprising 33% of total imports. The second position in the ranking was held by China ($X), with a 9% share of total imports. It was followed by Greece, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.0% per year) and Greece (-32.7% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, falling by -2.1% against the previous year. In general, the import price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2015 an increase of 67%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+39.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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