Report Update: May 1, 2024

Israel - Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Truck Price in Israel - 2023

Truck Price in Israel (CIF) - 2022

In 2022, the average truck import price amounted to $55,766 per unit, rising by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2015 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($212,018 per unit), while the price for Thailand ($28,281 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Truck Price in Israel (FOB) - 2022

The average truck export price stood at $100,453 per unit in 2022, growing by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $116,394 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($220,547 per unit), while the average price for exports to Azerbaijan ($23,333 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Imports in Israel

In 2022, the amount of trucks imported into Israel dropped to 20K units, shrinking by -9.1% compared with 2021 figures. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 74%. As a result, imports reached the peak of 22K units, and then contracted in the following year.

In value terms, truck imports contracted slightly to $1.1B in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61%. As a result, imports reached the peak of $1.1B, leveling off in the following year.

Import of Truck in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	107	33.8	125	188	20.7%
Germany	162	134	165	173	2.2%
Thailand	79.5	N/A	112	137	19.9%
Netherlands	129	115	147	105	-6.6%
United States	74.8	112	100	100	10.2%
France	41.4	69.7	94.7	88.7	28.9%
Spain	35.5	0.2	60.6	49.1	11.4%
Japan	47.4	38.8	59.0	44.3	-2.2%
Italy	32.9	25.5	41.1	42.7	9.1%
Mexico	19.7	0.3	42.6	36.0	22.3%
Poland	30.9	2.2	46.9	33.8	3.0%
Others	87.8	158	115	103	5.5%
Total	847	690	1,110	1,100	9.1%

Top Suppliers of Truck to Israel in 2022:

Thailand (4.8K units)
Germany (3.1K units)
United States (2.2K units)
Spain (1.6K units)
Mexico (1.2K units)
France (1.2K units)
Italy (1.1K units)
Poland (1.1K units)
Belgium (0.9K units)
Japan (0.7K units)
Netherlands (0.5K units)

Truck Exports in Israel

In 2022, approx. 195 units of trucks were exported from Israel; reducing by -15.9% on the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 232 units, and then dropped sharply in the following year.

In value terms, truck exports reduced to $20M in 2022. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 3.4%. The exports peaked at $21M in 2021, and then contracted in the following year.

Export of Truck in Israel (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Jordan	13.4	13.9	12.6	11.7	-4.4%
Palestine	2.9	3.7	4.3	4.6	16.6%
Belgium	0.5	1.4	0.9	0.6	6.3%
Ethiopia	0.3	0.3	0.4	0.5	18.6%
Poland	N/A	N/A	N/A	0.2	0%
Azerbaijan	N/A	N/A	N/A	0.2	0%
United States	N/A	0.3	0.1	0.1	-42.3%
Argentina	3.1	N/A	N/A	N/A	0%
Uganda	N/A	N/A	1.3	N/A	0%
Others	0.6	1.8	2.0	1.6	38.7%
Total	20.7	21.4	21.5	19.6	-1.8%

Top Export Markets for Truck from Israel in 2022:

Palestine (83.0 units)
Jordan (53.0 units)
Ethiopia (12.0 units)
Poland (10.0 units)
Azerbaijan (9.0 units)
United States (3.0 units)
Belgium (3.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the truck market in Israel. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new

Country coverage:

Israel

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Israel
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023