Israel: Tamping Machinery Market 2024

Tamping Machinery Market Size in Israel

The Israeli tamping machinery market expanded remarkably to $X in 2021, with an increase of 15% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 +83.8% against 2019 indices. Tamping machinery consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Tamping Machinery Production in Israel

In value terms, tamping machinery production soared to $X in 2021 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 86% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Tamping Machinery Exports

Exports from Israel

After five years of growth, overseas shipments of tamping or compacting machinery decreased by -95.8% to X units in 2020. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 190% against the previous year. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, tamping machinery exports dropped remarkably to $X in 2020. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 196%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Germany (X units) was the main destination for tamping machinery exports from Israel, with a 53% share of total exports. Moreover, tamping machinery exports to Germany exceeded the volume sent to the second major destination, Palestine (X units), threefold. The third position in this ranking was held by Latvia (X units), with a 13% share.

From 2012 to 2020, the average annual growth rate of volume to Germany amounted to -22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (-1.2% per year) and Latvia (0.0% per year).

In value terms, Palestine ($X), Germany ($X) and Latvia ($X) were the largest markets for tamping machinery exported from Israel worldwide, together comprising 89% of total exports.

Palestine, with a CAGR of +0.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2020, increasing by 17% against the previous year. Over the period under review, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Palestine ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Israel

In 2021, approx. X units of tamping or compacting machinery were imported into Israel; shrinking by -60.9% against 2020. Overall, imports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 1,094% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, tamping machinery imports declined rapidly to $X in 2021. In general, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 339% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Belgium (X units) and South Korea (X units) were the main suppliers of tamping machinery imports to Israel, with a combined 44% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and Japan ($X) constituted the largest tamping machinery suppliers to Israel, together accounting for 43% of total imports. These countries were followed by South Korea, Italy, Ireland, the Netherlands and Germany, which together accounted for a further 31%.

Ireland, with a CAGR of +30.2%, saw 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

In 2021, the average tamping machinery import price amounted to $X per unit, increasing by 7.3% against the previous year. In general, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 177% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a 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 Japan ($X per unit), while the price for Italy ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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