Israel: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Israel

The Israeli market for air conditioning machines for motor vehicles rose to $X in 2022, with an increase of 3.5% against the previous year. In general, consumption continues to indicate buoyant growth. Motor vehicle air conditioning machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Israel

In value terms, motor vehicle air conditioning machine production stood at $X in 2022 estimated in export price. Overall, production showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 66% against the previous year. Motor vehicle air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Israel

In 2022, motor vehicle air conditioning machine exports from Israel soared to X units, increasing by 19% against the year before. Over the period under review, exports recorded a modest increase. The growth pace was the most rapid in 2013 when exports increased by 88% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 88%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), the UK (X units) and Lithuania (X units) were the main destinations of motor vehicle air conditioning machine exports from Israel, together comprising 49% of total exports. Sweden, Turkey, Switzerland, the Netherlands, Bulgaria, Poland and Russia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +57.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Lithuania ($X) constituted the largest markets for motor vehicle air conditioning machine exported from Israel worldwide, together comprising 49% of total exports. These countries were followed by Sweden, Turkey, Switzerland, the Netherlands, Bulgaria, Poland and Russia, which together accounted for a further 37%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +58.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, declining by -2.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Russia ($X per unit), while the average price for exports to the UK ($X per unit) and Lithuania ($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 Switzerland (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Israel

In 2022, imports of air conditioning machines for motor vehicles into Israel rose notably to X units, increasing by 15% on the year before. Over the period under review, imports, however, saw a sharp downturn. The pace of growth was the most pronounced in 2020 when imports increased by 102% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 96%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest motor vehicle air conditioning machine supplier to Israel, with a 55% share of total imports. Moreover, motor vehicle air conditioning machine imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. China (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.9% per year) and China (+18.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Israel, comprising 55% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.2% per year) and China (+19.1% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines for motor vehicles amounted to $X per unit, with an increase of 2.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. The import price peaked 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 United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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