Price for Machinery; Parts of Machinery of Heading No. 8422 in Israel - 2024

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Israel (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Israel (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Israel
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Israel

Price for Machinery; Parts of Machinery of Heading No. 8422 in Israel (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $142,765 per ton, surging by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($141,880 per ton) and China ($141,785 per ton), while the price for Taiwan (Chinese) ($141,697 per ton) and the Netherlands ($141,707 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Israel (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $143,797 per ton in 2022, dropping by -18.9% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of machinery of heading no. 8422 decreased by -20.0% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 23% against the previous year. The export price peaked at $179,839 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($144,578 per ton) and Canada ($143,895 per ton), while the average price for exports to Cambodia ($143,731 per ton) and Germany ($143,744 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Israel

In 2022, overseas purchases of machinery; parts of machinery of heading no. 8422 decreased by -28.2% to 210 tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 13%. As a result, imports attained the peak of 330 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of machinery; parts of machinery of heading no. 8422 shrank sharply to $30M in 2022. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $43M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Israel in 2022:

1. Italy (49.2 tons)
2. France (43.1 tons)
3. Germany (40.3 tons)
4. China (32.1 tons)
5. Taiwan (Chinese) (6.4 tons)
6. Switzerland (5.6 tons)
7. United Kingdom (4.6 tons)
8. Spain (4.4 tons)
9. Netherlands (4.0 tons)
10. United States (3.8 tons)
11. Hong Kong SAR (3.4 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Israel

In 2022, shipments abroad of machinery; parts of machinery of heading no. 8422 decreased by -77.7% to 25 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 39%. As a result, the exports reached the peak of 186 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of machinery; parts of machinery of heading no. 8422 contracted sharply to $3.5M in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports attained the peak of $33M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Israel in 2022:

1. Netherlands (15.1 tons)
2. Slovenia (2.8 tons)
3. United States (2.2 tons)
4. Germany (1.0 tons)
5. Russia (0.8 tons)
6. Canada (0.7 tons)
7. Cambodia (0.7 tons)
8. Hong Kong SAR (0.1 tons)

Source: IndexBox Market Intelligence Platform