Israel: 2022 Electric Pulley Block and Electric Hoist Market Analysis


Israel: 2022 Electric Pulley Block and Electric Hoist Market Analysis

The Israeli market for pulley tackle and hoists powered by an electric motor rose notably to $X in 2021, growing 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, showed a pronounced downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, the number of pulley blocks and cranes powered by electric motors exported from Israel surged to X units, an increase of X% over the previous year. Overall, exports have grown substantially. In 2019, exports peaked at X units; however, from 2020 to 2021, exports failed to regain momentum.

In terms of value, in 2021, exports of motor-driven pulley blocks and cranes soared to X dollars. During the reporting period, exports increased significantly. Therefore, exports have peaked and may continue to grow in the short term.

The United States (X units) and India (X units) are the main export destinations for Israeli electric pulley blocks and cranes.

From 2012 to 2021, the largest increase is the United States (+X value CAGR, and India (X USD) as a key foreign market for Israeli exports of electric motor-driven pulley blocks and cranes, accounting for X% of total exports. Ranking In second place is the United States ($X) with X% of total exports.

From 2012 to 2021, the average annual growth rate of Indian value is +X%.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, Israel imported about X pulley blocks and cranes driven by electric motors; an X% increase compared to last year. Overall, however, the volume of imports fell markedly. The fastest growth rate in 2018, an increase of X% year-on-year. In 2012, imports peaked at X units; however, from 2013 to 2021, imports remained low.

In terms of value, in 2021, imports of electric-motor-driven sheave blocks and cranes are rapidly increasing to X dollars. During the period under review, however, there was a marked decline in the value of imports. The growth rate in 2018 was the most significant, with an X% increase. In 2012, imports peaked at $X; however, from 2013 to 2021, imports did not regain momentum.

In 2021, Germany (X units) becomes the largest sheave block and crane powered by an Israeli motor supplier, accounting for X% of total imports. In addition, the number of motor-driven pulley blocks and cranes imported from Germany is more than double that of the second largest supplier, China (X units). Finland (X units) ranks third in total imports with an X% share.

From 2012 to 2021, the average annual growth rate of German exports is -X%. The average annual growth rates of imports in the remaining supplier countries are as follows: China (+X% per annum) and Finland (+X-% per annum). Germany ($X) is Israel’s largest supplier of electric pulley blocks and cranes in terms of value, accounting for X% of total imports. In second place is China ($X) with X% of total imports. This is followed by Finland with a share of X%.

From 2012 to 2021, the average annual growth rate of German values ​​is -X%. The average annual growth rates of imports in the remaining supplier countries are as follows: China (+X% per annum) and Finland (+X-% per annum).

Statistics of various crane suppliers in Israel

In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Israel, comprising 46% of total imports. The second position in the ranking was taken by China, with a 20% share of total imports. It was followed by Finland, with an 8.4% share.

In value terms, India emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Israel, comprising 88% of total exports. The second position in the ranking was taken by the United States, with an 8.8% share of total exports.

The average export price for pulley tackle and hoists powered by an electric motor stood at $2,002 per unit in 2021, increasing by 294% against the previous year.

In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $31 per unit, falling by -4.7% against the previous year.

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Israel: 2022 Electric Pulley Block and Electric Hoist Market Analysis

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