Seals; Mechanical Price in Israel - 2023

Contents:

1. Seals; Mechanical Price in Israel (CIF) - 2022
2. Seals; Mechanical Price in Israel (FOB) - 2022
3. Seals; Mechanical Imports in Israel
4. Seals; Mechanical Exports in Israel

Seals; Mechanical Price in Israel (CIF) - 2022

The average seals; mechanical import price stood at $6.5 per unit in 2022, with an increase of 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($6.5 per unit) and China ($6.5 per unit), while the price for the UK ($6.5 per unit) and Italy ($6.5 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Israel (FOB) - 2022

The average seals; mechanical export price stood at $9.7 per unit in 2022, dropping by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $11 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($9.7 per unit) and India ($9.7 per unit), while the average price for exports to the UK ($9.7 per unit) and Ireland ($9.7 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Israel

In 2022, approx. 1.3M units of seals; mechanicals were imported into Israel; with a decrease of -12% compared with the previous year's figure. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 9% against the previous year. Imports peaked at 2.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, seals; mechanical imports contracted to $8.6M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 4.4%. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Seals; Mechanical to Israel in 2022:

1. Germany (311.1K units)
2. United States (262.3K units)
3. Czech Republic (170.1K units)
4. France (123.2K units)
5. China (95.5K units)
6. Netherlands (70.6K units)
7. Italy (58.7K units)
8. United Kingdom (53.1K units)
9. Taiwan (Chinese) (24.0K units)
10. Switzerland (18.1K units)
11. Turkey (12.4K units)
12. Japan (8.0K units)

Seals; Mechanical Exports in Israel

In 2022, the amount of seals; mechanicals exported from Israel soared to 50K units, with an increase of 24% on the previous year's figure. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by 167%. The exports peaked at 60K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, seals; mechanical exports soared to $487K in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 137% against the previous year. The exports peaked at $653K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Seals; Mechanical from Israel in 2022:

1. United States (38.3K units)
2. India (2.2K units)
3. Germany (2.1K units)
4. United Kingdom (1.7K units)
5. Ireland (1.2K units)
6. Romania (0.8K units)
7. South Korea (0.5K units)

Source: IndexBox Market Intelligence Platform