In 2021, the Israeli
lifting equipment market will grow by X% to $X for the first time since 2017, thus ending a three-year downward trend. Overall, however, consumption showed a slight decline. As a result, consumption reaches a peak level of X dollars. From 2018 to 2021, the market growth rate will remain at a low level.
Israel’s lifting equipment export scale
In 2021, the export volume of Israeli lifting equipment will soar to X units, an increase of X% year-on-year. During the period under review, exports increased significantly. As a result, exports peaked and may continue to grow in the short term. Lifting equipment exports soar to $X in 2021 by value. Overall, exports showed significant growth. Therefore, exports peaked and may continue to grow in the short term
Thailand (X units) was the main destination for Israeli lifting equipment exports, accounting for about X% of total exports. From 2012 to 2021, the average annual growth rate of cargo traffic to Thailand has been relatively modest. From 2012 to 2021, the average annual growth rate of value to Thailand has been relatively modest.
Import scale of lifting equipment in Israel
In 2021, the overseas supply of lifting equipment finally picked up, reaching X units for the first time since 2017, ending the three-year downward trend. During the period under review, imports recorded moderate growth. 2017 saw the fastest growth with an X% increase. As a result, imports peaked at X units. Import growth will remain low between 2018 and 2021.
Lifting equipment imports jumped to $X in 2021 in value terms. Overall, imports showed a marked increase. The rate of growth was most pronounced in 2017, with an X% increase over the previous year. As a result, imports peaked at X dollars. Import growth will remain low between 2018 and 2021.
In 2021, South Korea (X units) is Israel’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of hoisting equipment from South Korea were four times higher than the number recorded by the second largest supplier, Sweden (X units). The United Kingdom (X units) ranks third with X% of total imports.
From 2012 to 2021, the average annual growth rate of South Korea’s export volume totals -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Sweden (-X% per annum) and the United Kingdom (+X% per annum).
South Korea ($X) is the largest lifting equipment supplier to Israel by value, accounting for X% of total imports. In second place is Sweden ($X) with X% of total imports. It is followed by the UK with an X% share.
From 2012 to 2021, the average annual growth in value from South Korea totals -X%. The average annual growth rates of imports for the remaining suppliers are as follows: Sweden (-X% per annum) and the United Kingdom (+X% per annum).
Statistics of various crane suppliers in Israel
South Korea is Israel’s largest supplier of lifting equipment by value, accounting for 45% of total imports. In second place is Sweden, with 11% of total imports. It is followed by the UK with 11%.
The average export price of lifting equipment in 2021 is $4,370 per unit, up 3.4% from the previous year.
The average import price of hoisting equipment in 2021 will be US$3,233 per unit, a year-on-year increase of 6.8%.
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Analysis of the lifting equipment market in Israel in 2022