Israel: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Israel

In 2022, the Israeli ride-on compaction equipment market decreased by -44.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a mild reduction. Over the period under review, the market attained the peak level at $X in 2021, and then shrank significantly in the following year.

Ride-On Compaction Equipment Exports

Exports from Israel

In 2022, shipments abroad of ride-on compaction equipment increased by 4.8% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 467% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ride-on compaction equipment exports reached $X in 2022. In general, exports saw a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 339% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X units) was the main destination for ride-on compaction equipment exports from Israel, accounting for a 43% share of total exports. Moreover, ride-on compaction equipment exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), twofold. Belgium (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+41.4% per year) and Belgium (-6.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ride-on compaction equipment exports from Israel, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 19% share of total exports. It was followed by Belgium, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+134.9% per year) and Belgium (-2.2% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, falling by -4.2% against the previous year. In general, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 73%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Belgium ($X per unit), while the average price for exports to Vietnam ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+413.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Israel

In 2022, after two years of growth, there was significant decline in overseas purchases of ride-on compaction equipment, when their volume decreased by -42.2% to X units. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2015 with an increase of 72%. Imports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, ride-on compaction equipment imports reduced markedly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 50%. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

Germany (X units), China (X units) and India (X units) were the main suppliers of ride-on compaction equipment imports to Israel, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ride-on compaction equipment suppliers to Israel were Germany ($X), China ($X) and India ($X), with a combined 88% share of total imports.

In terms of the main suppliers, China, with a CAGR of +70.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, rising by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 an increase of 59%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :