Israel: Shaft Coupling Market 2024

Shaft Coupling Market Size in Israel

In 2022, the Israeli shaft coupling market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Shaft Coupling Exports

Exports from Israel

In 2022, overseas shipments of clutches and shaft couplings increased by X% to X tons, rising for the second consecutive year after six years of decline. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for shaft coupling exports from Israel, with a X% share of total exports. Moreover, shaft coupling exports to Cyprus exceeded the volume sent to the second major destination, India (X tons), fourfold. New Zealand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and New Zealand (X% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for clutches and shaft couplings exports from Israel, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and the UK ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and New Zealand ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Shaft Coupling Imports

Imports into Israel

In 2022, supplies from abroad of clutches and shaft couplings was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, shaft coupling imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of shaft coupling imports to Israel, with a combined X% share of total imports. Italy, China, Slovakia, the Netherlands, Switzerland, Austria and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Israel were Germany ($X), the United States ($X) and the UK ($X), together comprising X% of total imports. Italy, China, Slovakia, the Netherlands, Switzerland, Austria and the Czech Republic lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($X per ton) and the Netherlands ($X per ton), while the price for Austria ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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