Israel: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Israel

After two years of decline, the Israeli market for machine-tools for working stone, ceramics, and concrete increased by 72% to $X in 2021. In general, consumption recorded prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Israel

In value terms, machine tools for working stone production shrank to $X in 2021 estimated in export price. In general, production, however, showed modest growth. The growth pace was the most rapid in 2014 when the production volume increased by 519% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Israel

In 2021, overseas shipments of machine-tools for working stone, ceramics, and concrete increased by 5% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 118% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine tools for working stone exports reached $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 85% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for machine tools for working stone exports from Israel, with a 41% share of total exports. Moreover, machine tools for working stone exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.1% per year) and Taiwan (Chinese) (+4.7% per year).

In value terms, the United States ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Israel, comprising 41% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.9% per year) and Taiwan (Chinese) (+5.5% per year).

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, increasing by 1.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to the Netherlands ($X per unit) and Belgium ($X per unit), while the average price for exports to the United States ($X per unit) and Vietnam ($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 Belgium (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Israel

In 2021, supplies from abroad of machine-tools for working stone, ceramics, and concrete was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 with an increase of 189% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, machine tools for working stone imports surged to $X in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 189%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Italy (X units) constituted the largest machine tools for working stone supplier to Israel, with a 62% share of total imports. Moreover, machine tools for working stone imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Germany (+7.2% per year).

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Israel, comprising 62% of total imports. The second position in the ranking was held by China ($X), with an 8.8% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and Germany (+6.8% per year).

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, shrinking by -3.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per unit) and Turkey ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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