Israel: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Israel

The Israeli metal threading machine market skyrocketed to $X in 2021, with an increase of 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced increase. Metal threading machine consumption peaked in 2021 and is expected to retain growth in years to come.

Metal Threading Machine Exports

Exports from Israel

Metal threading machine exports from Israel skyrocketed to X units in 2021, increasing by 512% against 2020. Over the period under review, exports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of 973%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal threading machine exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 758%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for metal threading machine exports from Israel, with a 48% share of total exports. Moreover, metal threading machine exports to the Netherlands exceeded the volume sent to the second major destination, Mexico (X units), threefold. The United States (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.7% per year) and the United States (+1.1% per year).

In value terms, the largest markets for metal threading machine exported from Israel were Mexico ($X), the United States ($X) and Australia ($X), with a combined 67% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +18.1%, 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 more modest paces of growth.

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, rising by 12% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal threading machine export price increased by +86.1% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Ghana ($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 Tanzania (+86.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Israel

In 2021, supplies from abroad of threading or tapping machines for working metal was finally on the rise to reach X units after two years of decline. Overall, imports recorded pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal threading machine imports skyrocketed to $X in 2021. In general, imports continue to indicate a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), Germany (X units) and China (X units) were the main suppliers of metal threading machine imports to Israel, with a combined 49% share of total imports. Thailand, the UK, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and China ($X) appeared to be the largest metal threading machine suppliers to Israel, together accounting for 48% of total imports. These countries were followed by Thailand, Taiwan (Chinese), Hong Kong SAR and the UK, which together accounted for a further 17%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +34.8%, 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

The average metal threading machine import price stood at $X per unit in 2021, declining by -28.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 45%. As a result, import price attained the peak level of $X per unit, and then declined dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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