Israel: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Israel

The Israeli market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021, picking up by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Israel

In 2021, shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -23.6% to X units, falling for the fifth year in a row after five years of growth. In general, exports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 52% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted markedly to $X in 2021. Overall, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 98%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Israel, with a combined 53% share of total exports. China, the Netherlands, Cyprus, Poland, the UK and Italy lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +15.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Israel were the United States ($X), Germany ($X) and Canada ($X), together comprising 53% of total exports. These countries were followed by China, the Netherlands, Cyprus, Poland, the UK and Italy, which together accounted for a further 33%.

The Netherlands, with a CAGR of +13.9%, saw the highest growth rate of 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 export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, rising by 2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2015 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Italy ($X per unit) and the UK ($X per unit), while the average price for exports to Germany ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Israel

In 2021, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps imported into Israel skyrocketed to X units, increasing by 21% against the previous year. The total import volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and the United States (X units) were the main suppliers of imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Israel, together accounting for 67% of total imports. These countries were followed by the UK, China, Turkey, Switzerland, Japan, France, the Netherlands and Belgium, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +27.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) appeared to be the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Israel, with a combined 67% share of total imports. The UK, China, Turkey, Switzerland, Japan, France, the Netherlands and Belgium lagged somewhat behind, together comprising a further 24%.

Turkey, with a CAGR of +28.0%, 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 import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, reducing by -2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 6.7% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Belgium ($X per unit) and France ($X per unit), while the price for Germany ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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