Israel: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Israel

In 2021, after two years of decline, there was significant growth in the Israeli wood milling machine market, when its value increased by 88% to $X. Over the period under review, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Israel

In 2021, shipments abroad of planing, milling or moulding machines decreased by -83.7% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 206% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then dropped markedly in the following year.

In value terms, wood milling machine exports fell notably to $X in 2021. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 172% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined markedly in the following year.

Exports by Country

Canada (X units) was the main destination for wood milling machine exports from Israel, with a 74% share of total exports. Moreover, wood milling machine exports to Canada exceeded the volume sent to the second major destination, Spain (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and the Netherlands (+18.9% per year).

In value terms, Spain ($X) emerged as the key foreign market for wood milling machine exports from Israel, comprising 56% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+44.7% per year) and Canada (-9.0% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, dropping by -55.4% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Canada ($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 the Netherlands (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Milling Machine Imports

Imports into Israel

In 2021, after two years of decline, there was significant growth in supplies from abroad of planing, milling or moulding machines, when their volume increased by 99% to X units. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 158% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wood milling machine imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 139% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to Israel, with a 41% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+24.8% per year) and Germany (-12.5% per year).

In value terms, China ($X) constituted the largest supplier of wood milling machine to Israel, comprising 41% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.0% per year) and Germany (-13.8% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, with a decrease of -15% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.7% against the previous year. The import price peaked at $X per unit in 2020, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per unit) and Singapore ($X per unit), while the price for China ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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