Israel: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in Israel

In 2022, the Israeli market for side cars and cycles with non-combustion motors increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a significant expansion. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Side Cars and Cycles with Non-Combustion Motors

Exports from Israel

In 2022, after two years of decline, there was significant growth in shipments abroad of side cars and cycles with non-combustion motors, when their volume increased by X% to X units. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of side cars and cycles with non-combustion motors soared to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X units) was the main destination for exports of side cars and cycles with non-combustion motors from Israel, accounting for a X% share of total exports. Moreover, exports of side cars and cycles with non-combustion motors to Poland exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. Kenya (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Kenya (X% per year).

In value terms, Poland ($X) emerged as the key foreign market for side cars and cycles with non-combustion motors exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average export price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Side Cars and Cycles with Non-Combustion Motors

Imports into Israel

In 2022, supplies from abroad of side cars and cycles with non-combustion motors increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of side cars and cycles with non-combustion motors shrank slightly to $X in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then reduced slightly in the following year.

Imports by Country

China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) were the main suppliers of imports of side cars and cycles with non-combustion motors to Israel, together accounting for X% of total imports. The United States, the Netherlands, Switzerland, Canada, Spain and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of side cars and cycles with non-combustion motors to Israel, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average import price for side cars and cycles with non-combustion motors stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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