Israel: Market for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors 2024

Market Size for Fork-Lift Trucks and Other Industrial Works Trucks and Tractors in Israel

In 2022, the Israeli market for fork-lift trucks and other industrial works trucks and tractors increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Exports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Exports from Israel

In 2022, after three years of growth, there was significant decline in shipments abroad of fork-lift trucks and other industrial works trucks and tractors, when their volume decreased by X% to X units. Overall, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, exports of fork-lift trucks and other industrial works trucks and tractors fell remarkably to $X in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X units), Belgium (X units) and France (X units) were the main destinations of exports of fork-lift trucks and other industrial works trucks and tractors from Israel, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Jordan ($X) constituted the largest markets for forklift truck and industrial works truck exported from Israel worldwide, together accounting for X% of total exports. France, India, Turkey, Germany and Nigeria lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, 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

The average export price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 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 ($X per unit), while the average price for exports to Nigeria ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fork-Lift Trucks and Other Industrial Works Trucks and Tractors

Imports into Israel

In 2022, purchases abroad of fork-lift trucks and other industrial works trucks and tractors increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of fork-lift trucks and other industrial works trucks and tractors surged to $X in 2022. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of imports of fork-lift trucks and other industrial works trucks and tractors to Israel, together accounting for X% of total imports.

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

In value terms, the largest forklift truck and industrial works truck suppliers to Israel were Germany ($X), China ($X) and the United States ($X), together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fork-lift trucks and other industrial works trucks and tractors stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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