Israel: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Israel

The Israeli pneumatic elevator market rose sharply to $X in 2022, increasing by 8.1% against the previous year. Overall, consumption continues to indicate buoyant growth. Pneumatic elevator consumption peaked in 2022 and is expected to retain growth in the immediate term.

Pneumatic Elevator Production in Israel

In value terms, pneumatic elevator production stood at $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 56%. Pneumatic elevator production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports from Israel

In 2022, pneumatic elevator exports from Israel reduced to X units, waning by -13.9% against the previous year. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 354% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, pneumatic elevator exports contracted significantly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,009% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

South Korea (X units) was the main destination for pneumatic elevator exports from Israel, with a 85% share of total exports. Moreover, pneumatic elevator exports to South Korea exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+30.2% per year) and the United States (+12.8% per year).

In value terms, South Korea ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Israel, comprising 85% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+58.6% per year) and the United States (+9.3% per year).

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, dropping by -11.7% against the previous year. In general, the export price, however, continues to indicate a notable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 144%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pneumatic Elevator Imports

Imports into Israel

In 2022, pneumatic elevator imports into Israel skyrocketed to X units, picking up by 41% against the year before. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pneumatic elevator imports rose modestly to $X in 2022. In general, imports saw a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 115%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest pneumatic elevator supplier to Israel, accounting for a 84% share of total imports. Moreover, pneumatic elevator imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. China (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.7% per year) and China (+7.2% per year).

In value terms, Germany ($X) constituted the largest supplier of pneumatic elevators and conveyors to Israel, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and China (+6.7% per year).

Import Prices by Country

In 2022, the average pneumatic elevator import price amounted to $X per unit, with a decrease of -25.5% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 60%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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