Israel: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Israel

The Israeli snow motor vehicle market fell dramatically 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). Over the period under review, consumption, however, posted a buoyant expansion. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Snow Motor Vehicle Exports

Exports from Israel

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, snow motor vehicle exports rose sharply to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Georgia (X units) was the main destination for snow motor vehicle exports from Israel, accounting for a X% share of total exports. Moreover, snow motor vehicle exports to Georgia exceeded the volume sent to the second major destination, Slovenia (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Georgia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Italy (X% per year).

In value terms, the largest markets for snow motor vehicle exported from Israel were the UK ($X), Georgia ($X) and Slovenia ($X), together comprising X% of total exports.

Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average snow motor vehicle export price amounted to $X per unit, dropping by X% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Israel

In 2022, approx. X units of motor vehicles for travelling on snow or golf cars were imported into Israel; with a decrease of X% on 2021. Over the period under review, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, snow motor vehicle imports declined to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of snow motor vehicle to Israel, accounting for a X% share of total imports. Moreover, snow motor vehicle imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Israel, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average snow motor vehicle import price amounted to $X per unit, surging by X% against the previous year. In general, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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