Israel: Laundry Machine Market 2024

Laundry Machine Market Size in Israel

In 2022, the Israeli laundry machine market decreased by X% to $X, falling for the second consecutive year after nine years of growth. Overall, consumption, however, continues to indicate buoyant growth. Laundry machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Laundry Machine Production in Israel

In value terms, laundry machine production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Laundry machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Laundry Machine Exports

Exports from Israel

Laundry machine exports from Israel soared to X units in 2022, jumping by X% against 2021 figures. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, laundry machine exports soared to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for laundry machine exports from Israel, accounting for a X% share of total exports. Moreover, laundry machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), threefold. Spain (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for washing, bleaching or dyeing machines exports from Israel, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average laundry machine export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Japan ($X per unit) and Spain ($X per unit) were amongst the lowest.

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

Laundry Machine Imports

Imports into Israel

In 2022, overseas purchases of washing, bleaching or dyeing machines increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, laundry machine imports shrank markedly to $X in 2022. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Spain (X units), Hong Kong SAR (X units) and Turkey (X units) were the main suppliers of laundry machine imports to Israel, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Turkey ($X) and Spain ($X) were the largest laundry machine suppliers to Israel, together accounting for X% of total imports.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average laundry machine import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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