Israel: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Israel

The Israeli self-propelled rock cutter market reached $X in 2021, almost unchanged from the previous year. In general, consumption continues to indicate a noticeable increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Self-Propelled Rock Cutter Production in Israel

In value terms, self-propelled rock cutter production amounted to $X in 2021 estimated in export price. In general, production showed a perceptible decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 11% against the previous year. Self-propelled rock cutter production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports from Israel

In 2021, overseas shipments of self-propelled coal or rock cutters and tunnelling machinery decreased by -35% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 544% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports surged to $X in 2021. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 473% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units), France (X units) and Italy (X units) were the main destinations of self-propelled rock cutter exports from Israel, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +16.7%), while the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X), France ($X) and Italy ($X) were the largest markets for self-propelled rock cutter exported from Israel worldwide, with a combined 48% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, picking up by 95% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Denmark ($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 France (+1.2%), while the prices for the other major destinations experienced a decline.

Self-Propelled Rock Cutter Imports

Imports into Israel

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into Israel rose remarkably to X units, picking up by 11% compared with 2020 figures. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 3,250%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, self-propelled rock cutter imports shrank dramatically to $X in 2021. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 2,360% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Austria (X units) constituted the largest self-propelled rock cutter supplier to Israel, with a 54% share of total imports. Moreover, self-propelled rock cutter imports from Austria exceeded the figures recorded by the second-largest supplier, Finland (X units), fivefold. The third position in this ranking was held by Australia (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+37.2% per year) and Australia (+30.8% per year).

In value terms, the largest self-propelled rock cutter suppliers to Israel were Austria ($X), Germany ($X) and Finland ($X), together accounting for 64% of total imports. These countries were followed by Australia, Sweden, the UK and China, which together accounted for a further 9.6%.

In terms of the main suppliers, Australia, with a CAGR of +39.9%, 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 2021, the average self-propelled rock cutter import price amounted to $X per unit, shrinking by -29.9% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 78% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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