Price for Tractors; (Other than Tractors of Heading No 8709) in Israel - 2024

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Israel (CIF) - 2024
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Israel (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Israel
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Israel

Price for Tractors; (Other than Tractors of Heading No 8709) in Israel (CIF) - 2024

In October 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $56,259 per unit, declining by -28.3% against the previous month. Over the period under review, import price indicated a measured expansion from January 2023 to October 2023: its price increased at an average monthly rate of +3.1% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for tractors; (other than tractors of heading no 8709)s decreased by -28.3% against September 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 57% m-o-m. Over the period under review, average import prices hit record highs at $78,499 per unit in September 2023, and then fell notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($134K per unit), while the price for Turkey ($28,908 per unit) was amongst the lowest.

From January 2023 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Israel (FOB) - 2022

The average export price for tractors; (other than tractors of heading no 8709)s stood at $3,055 per unit in 2022, falling by -66.5% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 418%. The export price peaked at $53,000 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($7,500 per unit), while the average price for exports to Iceland ($167 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 (+181.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Israel

In 2022, approx. 1.2K units of tractors; (other than tractors of heading no 8709)s were imported into Israel; with a decrease of -44.9% compared with the year before. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 75%. As a result, imports attained the peak of 2.2K units, and then shrank dramatically in the following year.

In value terms, imports of tractors; (other than tractors of heading no 8709)s shrank to $83M in 2022. In general, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +50.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70%. As a result, imports attained the peak of $94M, and then dropped in the following year.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Israel in 2022:

1. Germany (437.0 units)
2. Italy (428.0 units)
3. Switzerland (174.0 units)
4. Turkey (66.0 units)
5. China (66.0 units)
6. Spain (20.0 units)
7. India (17.0 units)
8. South Korea (9.0 units)
9. Netherlands (7.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Israel

Exports of tractors; (other than tractors of heading no 8709)s from Israel soared to 55 units in 2022, jumping by 34% on the year before. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 158% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of tractors; (other than tractors of heading no 8709)s declined rapidly to $168K in 2022. Over the period under review, exports, however, saw a sharp descent. The smallest decline of -18.9% was in 2021. Over the period under review, the exports of attained the peak figure at $678K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Israel in 2022:

1. United Arab Emirates (23.0 units)
2. United States (21.0 units)
3. Iceland (6.0 units)
4. Jordan (2.0 units)
5. Philippines (1.0 units)
6. Hong Kong SAR (1.0 units)
7. Bulgaria (1.0 units)

Source: IndexBox Market Intelligence Platform