Israel: Pump For Liquid Market 2024

Pump For Liquid Market Size in Israel

In 2021, the Israeli pump for liquid market decreased by -2.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.0% against 2014 indices. Pump for liquid consumption peaked at $X in 2020, and then reduced modestly in the following year.

Pump For Liquid Exports

Exports from Israel

In 2021, exports of pumps for liquids and liquid elevators from Israel soared to X units, rising by 21% on the year before. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 544% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, pump for liquid exports surged to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for pump for liquid exports from Israel, accounting for a 37% share of total exports. Moreover, pump for liquid exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. Belgium (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+107.2% per year) and Belgium (+48.9% per year).

In value terms, Belgium ($X) emerged as the key foreign market for pumps for liquids and liquid elevators exports from Israel, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +95.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.3% per year) and the UK (+32.4% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, with an increase of 101% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 313%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+45.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Israel

In 2021, after two years of growth, there was significant decline in overseas purchases of pumps for liquids and liquid elevators, when their volume decreased by -8.2% to X units. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, imports attained the maximum at X units in 2020, and then dropped in the following year.

In value terms, pump for liquid imports expanded to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 21%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X units), France (X units) and Germany (X units) were the main suppliers of pump for liquid imports to Israel, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the United States ($X) constituted the largest pump for liquid suppliers to Israel, with a combined 47% share of total imports. China, the UK, France, Spain, the Netherlands, Belgium and Hong Kong SAR lagged somewhat behind, together comprising a further 26%.

China, with a CAGR of +16.0%, 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

The average pump for liquid import price stood at $X per unit in 2021, rising by 11% against the previous year. Overall, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2018 when the average import price increased by 41%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform