Israel: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Israel

In 2021, the Israeli vapour power unit market decreased by -33.5% to $X, falling for the third consecutive year after seven years of growth. In general, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vapour Power Unit Production in Israel

In value terms, vapour power unit production stood at less than $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Vapour Power Unit Exports

Exports from Israel

In 2021, shipments abroad of condensers for steam or other vapour power units was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, saw a deep setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vapour power unit exports stood at $X in 2021. In general, exports, however, saw a deep contraction. The smallest decline of -9.4% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for vapour power unit exports from Israel, accounting for a 81% share of total exports. Moreover, vapour power unit exports to New Zealand exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand stood at -19.2%.

In value terms, New Zealand ($X) remains the key foreign market for vapour power unit exports from Israel, comprising 94% of total exports. The second position in the ranking was taken by the United States ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand totaled -17.0%.

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, declining by -17.1% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vapour power unit export price increased by +41.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 49%. As a result, the export price reached the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+2.8%).

Vapour Power Unit Imports

Imports into Israel

In 2021, approx. X tons of condensers for steam or other vapour power units were imported into Israel; with a decrease of -42% on 2020. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 894%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, vapour power unit imports dropped remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,524% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) was the main vapour power unit supplier to Israel, accounting for a 92% share of total imports. Moreover, vapour power unit imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+269.3% per year) and Germany (-3.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of vapour power unit to Israel, comprising 74% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+171.5% per year) and Germany (-4.1% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 63%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+39.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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