Israel: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Israel

In 2022, after two years of decline, there was significant growth in the Israeli self-propelled boring machinery market, when its value increased by 138% to $X. Over the period under review, consumption saw a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Self-Propelled Boring Machinery Production in Israel

In value terms, self-propelled boring machinery production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with a decrease of 99.9%. Self-propelled boring machinery production peaked in 2022 and is expected to retain growth in the immediate term.

Self-Propelled Boring Machinery Exports

Exports from Israel

In 2022, self-propelled boring machinery exports from Israel fell remarkably to X units, shrinking by -55.6% against the year before. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 700% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 491% against the previous year. The exports peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

The United States (X units), Greece (X units) and Jordan (X units) were the main destinations of self-propelled boring machinery exports from Israel, with a combined 88% share of total exports. Moreover, self-propelled boring machinery exports in the United States exceeded the figures recorded by the second-largest exporter, Greece, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +41.4%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from Israel, comprising 57% of total exports. The second position in the ranking was held by Greece ($X), with a 24% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-15.9% per year) and Italy (-18.3% per year).

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, shrinking by -38.9% against the previous year. In general, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 1,713%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Jordan ($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 Jordan (+15.4%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Israel

In 2022, after two years of decline, there was significant growth in purchases abroad of self-propelled boring or sinking machinery, when their volume increased by 68% to X units. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 91% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, self-propelled boring machinery imports skyrocketed to $X in 2022. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest self-propelled boring machinery supplier to Israel, accounting for a 44% share of total imports. Moreover, self-propelled boring machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by China (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.1% per year) and China (+74.1% per year).

In value terms, Germany ($X) constituted the largest supplier of self-propelled boring or sinking machinery to Israel, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +45.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.8% per year) and China (+169.5% per year).

Import Prices by Country

In 2022, the average self-propelled boring machinery import price amounted to $X per unit, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average import price increased by 21%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and the United States ($X per unit), while the price for France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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