Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel - 2022

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $105,664 per ton in 2022, surging by 20% against the previous year. In general, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($106,619 per ton) and Italy ($105,469 per ton), while the price for the UK ($104,610 per ton) and Turkey ($104,636 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $63,173 per ton in 2022, with an increase of 5.5% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% 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 machines and mechanical appliances; parts, of those having individual functionses increased by +103.6% against 2012 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 23%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($60,487 per ton) and Mexico ($60,485 per ton), while the average price for exports to Canada ($60,478 per ton) and China ($60,479 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 Taiwan (Chinese) (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel

In 2022, after three years of growth, there was significant decline in purchases abroad of machines and mechanical appliances; parts, of those having individual functionses, when their volume decreased by -19.2% to 554 tons. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 686 tons, and then declined significantly in the following year.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses contracted slightly to $59M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $60M, and then reduced in the following year.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Israel in 2022:

1. Germany (150.6 tons)
2. Italy (67.4 tons)
3. Switzerland (60.9 tons)
4. United States (54.7 tons)
5. United Kingdom (44.5 tons)
6. China (39.4 tons)
7. Spain (15.4 tons)
8. Austria (14.0 tons)
9. France (13.0 tons)
10. Denmark (11.7 tons)
11. India (11.0 tons)
12. Netherlands (10.9 tons)
13. Turkey (10.6 tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Israel

In 2022, the amount of machines and mechanical appliances; parts, of those having individual functionses exported from Israel soared to 791 tons, growing by 23% on the previous year's figure. The total export volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses surged to $50M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Israel in 2022:

1. United States (362.3 tons)
2. Mexico (86.3 tons)
3. Germany (48.4 tons)
4. Netherlands (43.0 tons)
5. Poland (18.1 tons)
6. India (18.1 tons)
7. China (16.9 tons)
8. United Kingdom (16.3 tons)
9. Hong Kong SAR (14.6 tons)
10. Australia (13.9 tons)
11. Spain (13.5 tons)
12. Canada (10.2 tons)
13. South Korea (4.2 tons)

Source: IndexBox Market Intelligence Platform