Israel: Market for Agricultural And Forestry Tractors 2024

Market Size for Agricultural And Forestry Tractors in Israel

The Israeli agricultural and forestry tractor market fell to $X in 2022, waning by X% 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Agricultural And Forestry Tractors

Exports from Israel

In 2022, overseas shipments of agricultural and forestry tractors decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural and forestry tractor exports dropped remarkably to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for agricultural and forestry tractor exports from Israel, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for agricultural and forestry tractors exports from Israel.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2022, the average agricultural and forestry tractor export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to X% per year.

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Imports of Agricultural And Forestry Tractors

Imports into Israel

In 2022, imports of agricultural and forestry tractors into Israel contracted to X units, which is down by X% compared with the previous year's figure. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, agricultural and forestry tractor imports shrank to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X units), Germany (X units) and Switzerland (X units) were the main suppliers of agricultural and forestry tractor imports to Israel, with a combined X% share of total imports. China, the Netherlands, Turkey, India, Spain, South Korea and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Switzerland ($X) were the largest agricultural and forestry tractor suppliers to Israel, together comprising X% of total imports. China, Spain, India, the UK, Turkey, the Netherlands and South Korea lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw 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

The average agricultural and forestry tractor import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural and forestry tractor import price increased by X% against 2016 indices. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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