Israel: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Israel

In 2021, the Israeli mechanical shovel and excavator market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Israel

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported from Israel; picking up by 14% compared with the previous year. Overall, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of 134% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X units) was the main destination for mechanical shovel and excavator exports from Israel, with a 34% share of total exports. Moreover, mechanical shovel and excavator exports to Jordan exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Cyprus (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Jordan stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.6% per year) and Cyprus (+62.7% per year).

In value terms, Jordan ($X) emerged as the key foreign market for mechanical shovels, excavators and shovel loaders exports from Israel, comprising 31% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports. It was followed by Cyprus, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Jordan stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+27.9% per year) and Cyprus (+15.0% per year).

Export Prices by Country

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, surging by 8.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Germany ($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 Ukraine (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Israel

After two years of decline, overseas purchases of mechanical shovels, excavators and shovel loaders increased by 16% to X units in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The UK (X units), South Korea (X units) and China (X units) were the main suppliers of mechanical shovel and excavator imports to Israel, with a combined 50% share of total imports. These countries were followed by Japan, the United States, Sweden, Italy, France and Belgium, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), South Korea ($X) and China ($X) were the largest mechanical shovel and excavator suppliers to Israel, with a combined 49% share of total imports. Japan, the United States, Sweden, Italy, France and Belgium lagged somewhat behind, together accounting for a further 36%.

Japan, with a CAGR of +33.9%, saw the highest rates of growth with regard to the value of imports, among 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 mechanical shovel and excavator import price amounted to $X per unit, picking up by 8.6% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Belgium ($X per unit) and France ($X per unit), while the price for the UK ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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