Israel: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Israel

The Israeli market for parts of harvester and threshers surged to $X in 2021, growing by 35% against the previous year. Overall, consumption enjoyed measured growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Parts Of Harvester And Threshers in Israel

In value terms, parts of harvester and threshers production stood at $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 139%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Israel

In 2021, shipments abroad of parts of harvester and threshers decreased by -13.5% to X units, falling for the second consecutive year after three years of growth. Overall, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports shrank to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 89% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Turkey (X units) were the main destinations of parts of harvester and threshers exports from Israel, with a combined 85% share of total exports. These countries were followed by Brazil, China, Russia and Azerbaijan, which together accounted for a further 9.5%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +121.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and Turkey ($X) constituted the largest markets for parts of harvester and threshers exported from Israel worldwide, with a combined 86% share of total exports. Brazil, China, Russia and Azerbaijan lagged somewhat behind, together accounting for a further 9.5%.

In terms of the main countries of destination, Russia, with a CAGR of +127.6%, saw the highest growth rate of the value of exports, 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 parts of harvester and threshers amounted to $X per unit, increasing by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2017 an increase of 23%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Brazil ($X per unit), while the average price for exports to China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Israel

In 2021, purchases abroad of parts of harvester and threshers was finally on the rise to reach X units after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 116% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 109%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Israel, together accounting for 68% of total imports. These countries were followed by Italy, India, the Netherlands, Hong Kong SAR, Spain, the UK and South Korea, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +73.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of harvester and threshers suppliers to Israel were the United States ($X), China ($X) and Germany ($X), together accounting for 68% of total imports. These countries were followed by Italy, India, the Netherlands, Hong Kong SAR, Spain, the UK and South Korea, which together accounted for a further 25%.

India, with a CAGR of +71.6%, recorded the highest growth rate of 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 import price for parts of harvester and threshers amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 5%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Korea ($X per unit) and India ($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 South Korea (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform