Israel: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Israel

The Israeli market for air conditioning machines without refrigeration unit rose notably to $X in 2022, picking up by 9.3% against the previous year. Overall, consumption recorded a strong expansion. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Israel

In value terms, production of air conditioning machines without refrigeration unit expanded notably to $X in 2022 estimated in export price. In general, production posted a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 66%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Israel

Exports of air conditioning machines without refrigeration unit from Israel rose significantly to X units in 2022, picking up by 14% against 2021 figures. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 493% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of air conditioning machines without refrigeration unit expanded notably to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 578% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), India (X units) and Vietnam (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from Israel, together accounting for 97% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +110.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machins without refrigeration unit exported from Israel were Germany ($X), India ($X) and Vietnam ($X), together accounting for 97% of total exports.

Germany, with a CAGR of +121.0%, 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

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and India ($X per unit), while the average price for exports to Canada ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Israel

Imports of air conditioning machines without refrigeration unit into Israel surged to X units in 2022, picking up by 16% on 2021. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 100% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit soared to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Slovakia (X units) constituted the largest supplier of air conditioning machins without refrigeration unit to Israel, accounting for a 51% share of total imports. Moreover, imports of air conditioning machines without refrigeration unit from Slovakia exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia stood at +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+20.5% per year) and Germany (-6.3% per year).

In value terms, Slovakia ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Israel, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia amounted to +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+21.8% per year) and Germany (-5.3% per year).

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the United States ($X per unit), while the price for Slovakia ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform