Within the 2018-2023 timeframe, our forecast models predict growth from 6.1% p.a. in a low scenario to 9.3% p.a. in a high scenario. Accordingly, the industry in the Israel is expected to achieve revenues of between $213m to $256m by 2023.
The commercial industrial gases market in Israel is estimated to have generated revenues of $151.4m in 2018. This is an increase from $110.5m in 2008, indicating an average annual growth rate of 3.2% p.a.
Between 2008 and 2018 GDP grew by an average of 3.74% p.a. Israel’s GDP has not seen a year of decline since 2003, though it’s growth rate has somewhat fluctuated. The growth rate has become more stable in recent years, averaging around the 5% mark. In 2018, GDP growth was at 4.6%.
Published: 2020
Report data: 2019
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