Israel: Electrical Transformer Market 2022

Electrical Transformer Market Size in Israel

The Israeli electrical transformer market surged to $X in 2021, picking up by 39% against the previous year. Over the period under review, consumption, however, saw a abrupt decline. Electrical transformer consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Electrical Transformer Production in Israel

In value terms, electrical transformer production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced decline. Electrical transformer production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electrical Transformer Exports

Exports from Israel

After two years of decline, overseas shipments of electrical transformers increased by 1,146% to X units in 2021. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer exports surged to $X in 2021. In general, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when exports increased by 36%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), India (X units) and Japan (X units) were the main destinations of electrical transformer exports from Israel, together comprising 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +185.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Japan ($X) were the largest markets for electrical transformer exported from Israel worldwide, with a combined 50% share of total exports.

Japan, with a CAGR of +76.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electrical transformer export price amounted to $X per unit, shrinking by -90.3% against the previous year. Over the period under review, the export price showed a dramatic contraction. The pace of growth was the most pronounced in 2015 an increase of 47%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-8.6%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Israel

In 2021, overseas purchases of electrical transformers increased by 326% to X units, rising for the fourth consecutive year after two years of decline. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical transformer imports surged to $X in 2021. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Hong Kong SAR (X units), China (X units) and Germany (X units) were the main suppliers of electrical transformer imports to Israel, together comprising 79% of total imports. The United States, Thailand, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were in Thailand (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest electrical transformer suppliers to Israel, with a combined 26% share of total imports.

Taiwan (Chinese), with a CAGR of +44.6%, recorded 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 2021, the average electrical transformer import price amounted to $X per unit, reducing by -69.1% against the previous year. Overall, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 150%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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