Israel: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Israel

In 2021, after three years of growth, there was decline in the Israeli market for pneumatic or hydraulic hand tools, when its value decreased by -2.1% to $X. In general, consumption posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then dropped modestly in the following year.

Production of Pneumatic Or Hydraulic Hand Tools in Israel

In value terms, pneumatic or hydraulic hand tool production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 79%. Pneumatic or hydraulic hand tool production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Israel

In 2021, overseas shipments of pneumatic or hydraulic hand tools decreased by -23% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 315% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports contracted remarkably to $X in 2021. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 286% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Israel, accounting for a 48% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to India exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Singapore (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+83.8% per year) and Singapore (+87.3% per year).

In value terms, India ($X) emerged as the key foreign market for pneumatic or hydraulic hand tools exports from Israel, comprising 45% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Singapore, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+139.0% per year) and Singapore (+72.7% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. The export price peaked at $X per ton in 2020, and then reduced modestly in the following year.

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 Germany ($X per ton), while the average price for exports to Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Israel

In 2021, supplies from abroad of pneumatic or hydraulic hand tools increased by 13% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 19% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Israel, together accounting for 49% of total imports. Taiwan (Chinese), Japan, Sweden, the United Arab Emirates, France and Italy lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +32.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest pneumatic or hydraulic hand tool suppliers to Israel, with a combined 51% share of total imports. Germany, Japan, Sweden, France, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, France, with a CAGR of +26.8%, saw the highest growth rate of 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 import price for pneumatic or hydraulic hand tools amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 5.6%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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