According to a report released by Israel's Central Bureau of Statistics on January 20, Israel's imports from China will increase by nearly 40% in 2021, and China will remain Israel's largest source of imports of goods.
The report said that in 2021, Israel's total imports will increase by 30.3% to $90.28 billion; total exports will increase by 19.8% to $60.07 billion. In 2020, China surpassed the États-Unis to become Israel's largest source of imports of goods.
According to data from the General Administration of Customs of China, Israel's imports from China in 2021 will be US$15.3 billion; Israel's exports to China will increase by 19.9% to US$7.535 billion.
There are only 5 crane projects that Dongqi Grue has cooperated with in Israel in the past 2021. There are still many difficulties for us to open the crane market in Israel. But it also means that the crane market in Israel has huge potential for us to develop. As a crane supplier in China, Dongqi Crane has been improving the production process and various types of cranes with more advanced designs in the past ten years. This article starts from the study of the Israeli aerial crane market size, and discusses the possible changes in the Israeli aerial crane market in 2022 and the opportunity to enter the Israeli market
Before we start discussing the aerial crane market in Israel, we have a few small questions that need to be answered first. Let’s take a look
The Israeli Overhead Crane Market is estimated to be worth X dollars in 2020, growing by X% over the previous year. From 2007 to 2020, the market capitalization increased at an average annual rate of +X%; the trend pattern remained relatively stable, with only small fluctuations in some years. As a result, consumption has peaked and is likely to continue growing in the short term.
In value terms, 2020 overhead crane production is estimated to have declined slightly to $X at export prices. During the period under review, however, production recorded a relatively flat trend pattern. The most significant growth rate occurred in 2008, with an X% year-on-year increase. As a result, production reached a peak level of X dollars. From 2009 to 2020, the output growth rate remained at a low level.
In 2020, overseas shipments of fixed-support overhead cranes increased by X% to X units, the third consecutive year of growth after two years of decline. Overall, exports have grown resiliently. In 2013, the growth rate was the fastest, with exports increasing by X% year-on-year. As a result, exports peaked at X units. From 2014 to 2020, the growth rate of exports remained at a low level.
Overhead crane exports in 2020 are X dollars by value. Exports continued to show strong growth during the period under review. The most significant growth rate occurred in 2013, when exports increased by X% year-on-year. As a result, exports peaked at X dollars. From 2014 to 2020, the growth rate of exports remained at a low level.
Nigeria (X units) is the main destination for Israeli bridge crane exports, accounting for about X% of total exports. From 2007 to 2020, the average annual growth rate of shipments to Nigeria reached +X%.
In terms of value, Nigeria ($X) remains the main foreign market for Israeli overhead crane exports. From 2007 to 2020, the value to Nigeria has grown at an average annual rate of +X%.
In 2020, Israel's imports of overhead cranes surged to X units, an increase of X% over 2019. During the period under review, the import volume increased significantly. The most significant growth rate occurred in 2009, which was an X% increase compared to the previous year. During the review period, imports peaked in 2020 and are likely to continue to grow in the years to come.
Overhead crane imports rose significantly to $X in 2020 in value terms. Overall, imports showed strong growth momentum. The fastest growth was recorded in 2015, with imports increasing by X% year-on-year. During the period under review, imports peaked in 2020 and are expected to keep growing in the short term.
In 2020, China (X units) was Israel's largest supplier of overhead cranes, accounting for X% of total imports. In addition, bridge cranes imported from China were twice as high as the number recorded by the second largest supplier, Turkey (X units).
From 2007 to 2020, the average annual growth rate of sales from China reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (+X% per annum) and the United States (+X% per annum).
China ($X) is Israel's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Turkey ($X) with X% of total imports. From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (-X% per annum) and the United States (-X% per annum).
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