Israel: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Israel

The Israeli positive displacement pump market contracted to $X in 2021, with a decrease of -6.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Positive Displacement Pump Exports

Exports from Israel

In 2021, positive displacement pump exports from Israel soared to X units, with an increase of 21% compared with 2020 figures. In general, exports saw significant growth. The pace of growth was the most pronounced in 2019 with an increase of 17,232% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, positive displacement pump exports soared to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 8,720%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for positive displacement pump exports from Israel, with a 47% share of total exports. Moreover, positive displacement pump exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+13.6% per year) and the Netherlands (+136.1% per year).

In value terms, the United States ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from Israel, comprising 47% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total exports. It was followed by the Netherlands, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+17.7% per year) and the Netherlands (+146.6% per year).

Export Prices by Country

In 2021, the average positive displacement pump export price amounted to $X per unit, increasing by 5.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 119%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Taiwan (Chinese) ($X per unit) and the Netherlands ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) and the United States ($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 the Netherlands (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Israel

In 2021, after two years of growth, there was significant decline in purchases abroad of positive displacement pumps and hand pumps, when their volume decreased by -9.6% to X units. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. Imports peaked at X units in 2020, and then fell in the following year.

In value terms, positive displacement pump imports contracted to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X units), France (X units) and Italy (X units) were the main suppliers of positive displacement pump imports to Israel, together comprising 73% of total imports. Germany, the United States, the Netherlands and the UK lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +23.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Italy ($X) appeared to be the largest positive displacement pump suppliers to Israel, with a combined 73% share of total imports. These countries were followed by Germany, the United States, the Netherlands and the UK, which together accounted for a further 18%.

The UK, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, in terms of 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 positive displacement pump import price amounted to $X per unit, growing by 4.1% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per unit) and Italy ($X per unit), while the price for the UK ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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