Israel: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Israel

The Israeli pedestrian-controlled tractor market rose significantly to $X in 2022, picking up by 5.1% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2020 indices. Pedestrian-controlled tractor consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Israel

In value terms, pedestrian-controlled tractor production expanded to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 57%. Pedestrian-controlled tractor production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Israel

In 2022, shipments abroad of pedestrian-controlled tractors decreased by 0% to X units, falling for the second consecutive year after three years of decline. In general, exports recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by 150%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor exports shrank remarkably to $X in 2022. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 206% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for pedestrian-controlled tractor exports from Israel, accounting for a 43% share of total exports. Moreover, pedestrian-controlled tractor exports to the United States exceeded the volume sent to the second major destination, Bulgaria (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 14% share.

From 2015 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (0.0% per year) and Hong Kong SAR (0.0% per year).

In value terms, the United States ($X), Jordan ($X) and Bulgaria ($X) appeared to be the largest markets for pedestrian-controlled tractor exported from Israel worldwide, together comprising 84% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +22.5%, 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

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, waning by -21.3% against the previous year. Overall, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 75%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-1.3%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Israel

In 2022, overseas purchases of pedestrian-controlled tractors increased by 225% to X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2015 with an increase of 255% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 235%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest pedestrian-controlled tractor supplier to Israel, accounting for a 85% share of total imports. Moreover, pedestrian-controlled tractor imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +18.6%.

In value terms, Italy ($X) constituted the largest supplier of pedestrian-controlled tractors to Israel, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +20.0%.

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, dropping by -47% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 52% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then fell rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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