Israel: Shipping Market 2025

Shipping Market Size in Israel

The Israeli shipping market contracted to $X in 2021, with a decrease of -6.2% against the previous year. Over the period under review, consumption faced a sharp descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Shipping Production in Israel

In value terms, shipping production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 147% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

Shipping Exports

Exports from Israel

In 2021, overseas shipments of ships, vessels, ferry-boats for the transport of persons increased by 23% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 325%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, shipping exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 654%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for shipping exports from Israel, accounting for a 69% share of total exports. Moreover, shipping exports to Singapore exceeded the volume sent to the second major destination, South Korea (X units), sixfold. The third position in this ranking was taken by China (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (0.0% per year) and China (-7.4% per year).

In value terms, Singapore ($X) remains the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Israel, comprising 52% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.8% per year) and South Korea (-13.3% per year).

Export Prices by Country

In 2021, the average shipping export price amounted to $X per unit, rising by 37% against the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 101%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Turkey ($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 China (+1.2%), while the prices for the other major destinations experienced a decline.

Shipping Imports

Imports into Israel

In 2021, overseas purchases of ships, vessels, ferry-boats for the transport of persons increased by 343% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 1,866% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, shipping imports surged to $X in 2021. Overall, imports, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 2,219% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main suppliers of shipping imports to Israel, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +8.0%), while imports for the other leaders experienced a decline.

In value terms, the UK ($X), Germany ($X) and India ($X) appeared to be the largest shipping suppliers to Israel, with a combined 88% share of total imports. Turkey, Greece, the United States and China lagged somewhat behind, together comprising a further 10%.

In terms of the main suppliers, Greece, with a CAGR of +21.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average shipping import price stood at $X per unit in 2021, growing by 11% against the previous year. In general, the import price posted a significant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 3,317%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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