Israel: Boiler Parts Market 2022

Boiler Parts Market Size in Israel

In 2021, the Israeli boiler parts market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Boiler Parts Production in Israel

In value terms, boiler parts production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Boiler Parts Exports

Exports from Israel

After five years of growth, overseas shipments of parts of boilers for central heating decreased by -X% to X tons in 2021. In general, exports recorded a significant decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, boiler parts exports plummeted to $X in 2021. Overall, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for boiler parts exports from Israel, accounting for a X% share of total exports. Moreover, boiler parts exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -X%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for boiler parts exports from Israel, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled -X%.

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Boiler Parts Imports

Imports into Israel

In 2021, approx. X tons of parts of boilers for central heating were imported into Israel; which is down by -X% on the previous year's figure. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports plummeted to $X in 2021. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of boiler parts to Israel, with a X% share of total imports. Moreover, boiler parts imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of boiler parts to Israel, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and China (-X% per year).

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined in the following year.

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

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

Source: IndexBox Market Intelligence Platform

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