Israel: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Israel

The Israeli numerically controlled drilling machine market reached $X in 2021, leveling off at the previous year. In general, consumption showed a remarkable increase. Numerically controlled drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in Israel

In value terms, numerically controlled drilling machine production soared to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 68% against the previous year. Numerically controlled drilling machine production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Israel

In 2021, overseas shipments of numerically controlled drilling machines for working metal increased by 59% to X tons, rising for the second year in a row after three years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 698% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 262%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for numerically controlled drilling machine exports from Israel, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +53.6%.

In value terms, the Netherlands ($X) also remains the key foreign market for numerically controlled drilling machines for working metal exports from Israel.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +31.8%.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, growing by 7.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 45%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2021, the rate of growth in terms of prices for Palestine amounted to -9.2% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Israel

In 2021, approx. X tons of numerically controlled drilling machines for working metal were imported into Israel; waning by -32.5% on 2020 figures. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 122% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports dropped sharply to $X in 2021. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 137% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of numerically controlled drilling machine imports to Israel, together comprising 76% of total imports. Turkey, China, Taiwan (Chinese), the United States and Japan lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +188.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the largest numerically controlled drilling machine suppliers to Israel, together accounting for 76% of total imports. Turkey, China, Taiwan (Chinese), the United States and Japan lagged somewhat behind, together accounting for a further 23%.

Turkey, with a CAGR of +178.9%, 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 numerically controlled drilling machine import price amounted to $X per ton, which is down by -8.8% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 7.7%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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